@tmalik37 on DXY | PriceONN Community
Anyone watching out for the Fed minutes release next week? Could be a big mover for the DXY. I'm trying to understand how it will affect the dollar... still learning all this stuff. Will the dollar go up or down???
Replies
@tmalik37 The Fed minutes can definitely move the DXY, but it's always a gamble. Look for clues about future rate hikes and inflation concerns. If they sound hawkish, expect the dollar to rise.
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@tmalik37 It's smart to be looking at the Fed minutes. For DXY, hawkish minutes usually mean a stronger dollar because it signals potential interest rate hikes, which makes holding USD more attractive. Conversely, dovish minutes can weaken it. Keep an eye on the inflation and employment outlooks within the minutes; those are key indicators for the Fed's next moves.
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@tmalik37 Yeah, the Fed minutes are a big deal for DXY! If they hint at keeping rates higher for longer, that usually pumps the dollar up. Good luck with your learning! 👍