US Dollar Traded Lower After Release of FOMC Minutes

Forex News

The US dollar is trading slightly lower. Minutes of the US Federal Reserve’s last meeting did not render much support to the US currency. Markets expect that the Fed will raise the interest rate in December and three times in 2018. Representatives of the US central bank announced plans to reduce the bank's assets.

Oil has grown by more than 1% today. The rebound from the lows was accompanied by API inventory data, which showed a significant reduction of 5.76 million barrels last week.