US Dollar Gains as Foreign Demand Hits Record, FOMC Minutes on Tap

US Dollar Gains as Foreign Demand Hits Record, FOMC Minutes on Tap

The US Dollar rose after a report showed net foreign purchases of long-term US securities hit a record high. Minutes from October’s FOMC meeting are on tap ahead.

Talking Points:

  • US Dollar Gains on FOMC Minutes Pre-Positioning, Supportive TICs Data
  • Pound May Fall if BOE Minutes Reveal Hawks Abandoned Rate Hike Votes
  • See Economic Releases Directly on Your Charts with the DailyFX News App

The US Dollar outperformed in overnight trade, rising as much as 0.3 percent on average against its leading counterparts. The move tracked an advance in the benchmark 10-year US bond yield, hinting that pre-positioning ahead of the publication of minutes from October’s FOMC meeting later it the day may have been the catalyst. The policy statement released after that sit-down was judged as relatively hawkish and traders may be preparing for the probability that more of the same in the transcript of the meeting will fuel Fed rate hike speculation.

The greenback may have found added support from data showing cross-border demand for long-term US assets hit a record high. The US Treasury Department reported that long-dated USD-denominated securities saw a net inflow of $164.3 billionof foreign capital in September, marking the largest monthly increase since records began in January 1977.

Minutes from November’s Bank of England monetary policy meeting are in focus in European trading hours. The voting pattern on the rate-setting MPC committee will be in focus. The decidedly dovish tone of last week’s Quarterly Inflation Report released last week hints one or both of the hawkish votes on the committee may have shifted gears back to neutral. Such an outcome would represent an increased hurdle to secure a sufficient tally for a rate hike, undermining policy support for the British Pound and pressuring prices downward.

Critical Levels
CCY Supp 3 Supp 2 Supp 1 Pivot Point Res 1 Res 2 Res 3
EURUSD 1.2306 1.2407 1.2472 1.2508 1.2573 1.2609 1.271
GBPUSD 1.5549 1.5598 1.5616 1.5647 1.5665 1.5696 1.5745


  1. I loved as much as you’ll receive carried out right here. The sketch is tasteful,
    your authored subject matter stylish. nonetheless, you
    command get bought an shakiness over that you wish be
    delivering the following. unwell unquestionably come more formerly again since
    exactly the same nearly a lot often inside case you shield this hike.

  2. Hi! I just wanted to ask if you ever have any issues with hackers?
    My last blog (wordpress) was hacked and I ended up losing months of hard work due to no back up.
    Do you have any solutions to protect against hackers?

  3. For latest news you have to pay a visit internet and on world-wide-web I found this website as a most excellent site for newest

  4. I do not know whether it’s just me or if everyone else encountering problems with your website.
    It appears as if some of the text in your content are running
    off the screen. Can somebody else please provide feedback and let
    me know if this is happening to them as well? This could be
    a problem with my browser because I’ve had this happen previously.
    Appreciate it

  5. What sort of digicam did you use? That is a great top quality.

  6. extremely impressive captures.

  7. Thanks for consisting of the beautiful pictures– so open to a feeling of

  8. Thank you for consisting of the stunning images–
    so open to a feeling of reflection.

  9. Definitely believe that which you stated. Your favorite reason seemed
    to be on the internet the easiest thing to be aware of. I say to you, I certainly get irked while
    people consider worries that they plainly don’t know about.
    You managed to hit the nail upon the top and defined out
    the whole thing without having side-effects , people could
    take a signal. Will likely be back to get more. Thanks

  10. erectile massage therapy
    erectile reflex
    erectile ointment

  11. I love what you guys tend to be up too. This sort of clever work and exposure!
    Keep up the excellent works guys I’ve included you guys to our blogroll.

  12. I absolutely love your blog and find many
    of your post’s to be what precisely I’m looking for.
    Do you offer guest writers to write content in your
    case? I wouldn’t mind composing a post or elaborating on a few of the subjects you write in relation to here.

    Again, awesome weblog!

  13. Way cool! Some extremely valid points! I appreciate you writing this write-up and also the rest of the website is really

  14. Wow, awesome blog structure! How long have you been running a blog
    for? you make blogging glance easy. The entire glance of your site is fantastic,
    let alone the content material!

  15. 696856 543022Hey, you used to write fantastic, but the last couple of posts have been kinda boringK I miss your super writings. Past several posts are just slightly bit out of track! come on! 133773

  16. 796087 391006really great post, i definitely actually like this exceptional internet site, continue it 363093

  17. If you’re looking ffor more you’ll be ɑƅle to opt for their ⲣremіum and superior pɑckages as nicely.

    Look at my homeρage … Top Seo Pakistan

  18. 359653 211275Hiya! Amazing weblog! I happen to be a everyday visitor to your web site (somewhat a lot more like addict ) of this website. Just wanted to say I appreciate your blogs and am searching forward for a lot more! 548312

  19. 115516 950747Flexibility indicates your space ought to get incremented with the improve in number of weblog users. 851915

  20. 94479 362221Very interesting topic , appreciate it for posting . 43425

  21. 902794 960921Hi there! I just wish to give an enormous thumbs up for the nice info youve correct here on this post. I shall be coming again to your blog for extra soon. 819173

  22. tadalis-ajanta reviews tadalafil xtenda

  23. hydroxichloraquine define chloro

  24. chloroquinolone what is chloroquine used for

  25. zithromax 250mg zithromax 250 mg tablet

  26. I loved as much as you’ll receive carried out right here.

    The sketch is attractive, your authored subject matter stylish.
    nonetheless, you command get bought an shakiness over that you wish be delivering the following.
    unwell unquestionably come further formerly again since exactly the same nearly
    very often inside case you shield this increase.

    Here is my page;u=47527

  27. vanguard casino instant play online casino bonus codes no deposit required

  28. 51474 547326Magnificent beat ! I would like to apprentice whilst you amend your site, how could i subscribe for a weblog website? The account helped me a appropriate deal. I had been slightly bit acquainted of this your broadcast provided brilliant transparent notion 430006

  29. all rival casino free play bonuses dead eddie casino game

  30. casino free games jackpot party casino facebook

  31. what kind of casino table games are available on royal caribbean ships? planet 7 casino free money codes

  32. free casino slots bonus games wind creek casino slot games

  33. liberty slots flash casino codeshare doubledown casino promo codes

Leave a Comment

Your email address will not be published. Required fields are marked *