The Market is in anticipation of FOMC protocols

Most of the instruments of the currency market demonstrate a rather low-key dynamics in the course of trading, which is caused by the expectation of the publication of the FOMC protocols. Market participants take a cautious stance in anticipation of any signals about the Fed’s further actions with regard to monetary policy in 2018. In the event of any forecasts on a possible change in the plan to raise the interest rate, the dollar may note today a sharp increase in volatility in relation to the basket of currencies.

Due to such a position of market participants, the US dollar index retreated from the session high at the mark of 92.033 and moves in a low-key mode.

Fig. Graph of the US dollar index. The current price of DXY is 91.944.

Alexander Sivtsov