The Dollar found itself under pressure on Wednesday and extended losses on Thursday following November’s dovish FOMC minutes. With Fed policymakers concerned over low inflation, investors may start to question the central banks’ ability to raise rates three times in 2018. In the United Kingdom, the second estimate for Q3 GDP hit 0.4% which was within market estimates. US markets were closed today for Thanksgiving Day. Gold punched above $1289 thanks to a weakening Dollar.
– The #EURUSD currently trades below 1.1850 – #GBPUSD is struggling to keep above 1.3300
The Dollar found itself under pressure on Wednesday and extended losses on Thursday following November’s dovish FOMC minutes. With Fed policymakers concerned over low inflation, investors may start to question the central banks’ ability to raise rates three times in 2018. In the United Kingdom, the second estimate for Q3 GDP hit 0.4% which was within market estimates. US markets were closed today for Thanksgiving Day. Gold punched above $1289 thanks to a weakening Dollar.
– The #EURUSD currently trades below 1.1850
– #GBPUSD is struggling to keep above 1.3300
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