WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Dollar Recovers against Yen, Slips Versus Euro, Awaiting Fed Minutes

Posted by Joseph Trevisani on Jul 9, 2014 12:39:00 PM

The dollar reversed its three day losing run against the Japanese Yen and  remained offered versus the euro as the market waits for teh release of minutes from the Federal Reserve's June 17th and 18th meeting.

Several Fed officials have hinted recently that the central bank could begin to raise interest for the first time in six years sooner than anticipated.  

The U.S. economy has recently exibited strong  employment growth and with the equities averages at or close to historic highs, concerns over financial instability  perhaps caused by the Fed's zero rate policies are  gaining creedence. 

 

WorldWideMarkets

 

Chart Bloomberg

indu

 

Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

FAQ CenterLEARN MORE >>
Browse our frequently asked questions and find your answers right away.

VideosLEARN MORE >>
Access to the educational lessons, webinars and platform walkthroughs.

READY TO TRY THE MARKETS?

Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!