FRS meetings collapsed the dollar

dollar index on Wednesday updated weekly minimums after publishing the minutes of the US Federal Reserve. DXY is approaching the minimum marks of last week and will soon try to update the minimums of Augustus. Most Fed leaders support a slowdown in the rate of raising bets. The vast majority of FOMC leaders support the opinion of the need to slow down the rate of the basic interest rate soon, the protocols of the last meeting of the US Federal Reserve, which has passed November 1-2, writes Interfax.

, some of them believe that Federal Reserve will have to raise the rate higher than previously planned to achieve the goal of weakening inflation. The opinion was also expressed about the increased risk that the cumulative effect of tightening the monetary policy would be more significant than it is necessary to return inflation to the 2%goal of Federal Reserve.

, many Fed’s leaders also talked about the presence of “significant uncertainty” in relation to the level to which should be increased The bet, noting that their opinion in this matter will depend, in particular, on further statders. A slower increase in the rate in the future will allow Fedorreva to better evaluate the progress already achieved in its movement to the goals of maximum employment and price stability, the protocols say. Judging by the quotes of futures on the Fed’s rate, the market is waiting for its rise just above the mark of 5% of March 2023, the CME Group data indicate.

EUR/USD is now waiting for a new level of level 1.0480, according to UOB Group. The probability of growth It remains until the euro drops below the level of “strong support” at 1.03. On Thursday, IFO of Germany, the minutes of the meeting of the ECB will be published. Meanwhile, JPMorgan predicts the average EUR/USD course at 0.95 in the first half of 2023, and even indicate the possibility of testing the level of 0.90 (subject to the lack of de -escalation in geopolitics).