Reuters
U.S. dollar edges higher as market awaits Fed minutes
The dollar was slightly higher on Wednesday as traders held off on big bets ahead of the publication of the minutes of the latest U.S. Federal Reserve meeting, in which it adopted a more hawkish stance, for hints of when monetary policy might shift. The dollar has been supported by the pace of the U.S. economic recovery, which has advanced more quickly than in places like Europe or Japan, helped by an early rollout of vaccinations to curb the COVID-19 pandemic, along with massive amounts of fiscal stimulus. One of the main drivers of foreign exchange in the second half of the year will be the divergence of central banks that begin winding down that stimulus, based on solid economic fundamentals, and those that do not, said Win Thin, global head of currency strategy at Brown Brothers Harriman.
