Dollar Holds Firm as Markets Eye Fed Minutes 👀
The U.S. dollar stayed steady as traders balanced easing geopolitical tensions with upcoming Fed signals. Progress in Iran-U.S. nuclear talks and ongoing Ukraine-Russia negotiations helped calm risk sentiment, but investors remain cautious ahead of the FOMC minutes and U.S. GDP data.
FX Snapshot:
DXY near 97.16 after a two-day climb
EUR/USD slips to 1.1846
USD/JPY steady around 153.23
GBP/USD soft at 1.3558
Kiwi Under Pressure 🥝
The New Zealand dollar dropped after the RBNZ held rates at 2.25% and signaled policy will stay accommodative to support the fragile economy.
Asia Watch:
Japanese exports rose for a fifth straight month, offering some support to the yen.
Crypto Check:
BTC trades near $67.1K, ETH around $1.97K — both slightly lower as risk appetite cools.
All eyes now on Fed minutes for clues on rate cut timing. Volatility ahead? Stay sharp.