FOMC minutes risk is brief USD rally - Scotiabank

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Córdoba) - Camilla Sutton, analyst at Scotiabank noted that even though the FOMC minutes are expected to hold a hawkish tone, USD strength is likely to be fairly muted.



Key Quotes



“USD risk is a rally - All in all we expect the minutes to highlight a more hawkish Fed than recent comments by Chair Yellen, this is in part because the minutes will include the views of the non‐voting hawkish members (Bullard, Lacker and George)”



“However any USD strength is likely to be fairly muted with the minutes lacking any significant shift”.



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