Market Foсus

On Wednesday, January 3, 2013, market participants will be focused on the publication of the FOMC protocol. The minutes of the meeting of the Federal Open Market Committee (FOMC) is a detailed report of the committee meeting on rates held two weeks ago. The protocol provides a detailed picture of the FOMC position on monetary policy, so currency traders carefully consider it with respect to future interest rate changes.

Among the market participants there are opinions that the increase in interest rates of the Federal Reserve in 2018 may slow down due to the entry into force of the tax reform in the United States, as well as the change of the head of the Federal Reserve. In case the December protocol indicates a possible slowdown in the rise in interest rates, the US dollar will be under pressure and continue its decline against the basket of currencies.

Alexander Sivtsov