ISM Services PMI and Fed Minutes May Shake Fed Hike Bets
The US dollar is ending the week lower against most major currencies, with the largest losses versus the New Zealand dollar and Swiss franc. Attention turns to next week's ISM services PMI and Fed minutes, which could impact expectations for further rate hikes.
The US dollar is under pressure this week, finishing on the back foot against most major counterparts. The largest losses are seen against the kiwi (NZD) and the Swiss franc (CHF), with the dollar index declining.
Next week's economic calendar features the ISM services PMI and the release of the Federal Reserve's meeting minutes. These events are expected to influence market bets on additional interest rate hikes by the Fed. Traders will watch the data closely for any signs of economic strength that could support further tightening or weakness that might delay such moves.
Source: FXStreet Forex News