{"id":103470,"date":"2020-08-19T09:02:30","date_gmt":"2020-08-19T08:02:30","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103470"},"modified":"2020-08-19T09:03:18","modified_gmt":"2020-08-19T08:03:18","slug":"103938-dollar-selling-abates-as-fed-minutes-are-awaited","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103938-dollar-selling-abates-as-fed-minutes-are-awaited\/","title":{"rendered":"Dollar Selling Abates As Fed Minutes Are Awaited"},"content":{"rendered":"<ul>\n<li>EUR\/USD trades around 1.1935 before the London open.<\/li>\n<li>The Dollar sell-off pauses despite the equity rally in Asia.<\/li>\n<li>Yield curve control indications in the Fed minutes can increase selling momentum.<\/li>\n<\/ul>\n<p>EUR\/USD couldn&#8217;t sustain the early gains to 1.1950 on Tuesday Asian session and was trading near 1.1935, mostly unchanged from the previous close.<\/p>\n<h3>Can The US Dollar Stage A Come Back?<\/h3>\n<p>The dollar index, DXY, indicates the dollar value against a basket of competing currencies. It has recovered a bit from the recent 28-month low of 92.13.<\/p>\n<p>The bullish mood in Asian stocks didn&#8217;t trigger further selling in the dollar today. The major indices touched a seven-month high on Wednesday, in Asia, taking a cue from the S&amp;P 500 record close on Tuesday.<\/p>\n<p>The dollar relief uptick was also not from any show of strength in the US yields &#8211; which remained under pressure. Hence it is safe to conclude that the dollar bears have paused their selling ahead of the Fed minutes, due today, of the June 28-29 Federal Reserve meeting.<\/p>\n<p>The market will, later today, focus on the US policymakers&#8217; prognosis on employment, growth, and inflation. The dollar will weaken further if there is mention of yield-curve control. Speculations have been rife that the FED will follow RBA-style yield curve control.<\/p>\n<p>EUR\/USD during the European session is likely to take into account the developments in Eurozone EcoFin meeting, Eurozone&#8217;s Current Account data, and Consumer Price Index.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD trades around 1.1935 before the London open. The Dollar sell-off pauses despite the equity rally in Asia. Yield curve control indications in the Fed minutes can increase selling momentum. EUR\/USD couldn&#8217;t sustain the early gains to 1.1950 on Tuesday Asian session and was trading near 1.1935, mostly unchanged from the previous close. Can The [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":4365,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[3135,2412,1408,1397],"class_list":{"0":"post-103470","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-dxy","10":"tag-eur-usd","11":"tag-fed","12":"tag-us-dollar"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dollar Selling Abates As Fed Minutes Are Awaited - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103938-dollar-selling-abates-as-fed-minutes-are-awaited\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103938-dollar-selling-abates-as-fed-minutes-are-awaited\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103938-dollar-selling-abates-as-fed-minutes-are-awaited\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"Dollar Selling Abates As Fed Minutes Are Awaited\",\"datePublished\":\"2020-08-19T08:02:30+00:00\",\"dateModified\":\"2020-08-19T08:03:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103938-dollar-selling-abates-as-fed-minutes-are-awaited\\\/\"},\"wordCount\":246,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103938-dollar-selling-abates-as-fed-minutes-are-awaited\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100370-gbp-usd-fed-powell-congress.jpg\",\"keywords\":[\"DXY\",\"eur\\\/usd\",\"fed\",\"us dollar\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103938-dollar-selling-abates-as-fed-minutes-are-awaited\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103938-dollar-selling-abates-as-fed-minutes-are-awaited\\\/\",\"name\":\"Dollar Selling Abates As Fed Minutes Are Awaited - 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