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Daily digest market movers: The US Dollar struggles to gain ground as investors look for drivers in the FOMC minutes

guntur360
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  • The market’s highlight will be the release of the Federal Open Market Committee (FOMC) Minutes from the last January meeting at 19:00 GMT, which may fuel volatility in the next Fed decision expectations.
  • As for now, the CME FedWatch Tool indicates a 20% chance of a rate cut at the next meeting in March and also remains low for May, reflecting the market sentiment leaning toward the Fed's intent to hold rates steady at restrictive levels. 
  • Markets are now pushing the start of the interest rate easing to June.

 


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