FOMC Minutes to Reinforce Hawkish Message, Support Dollar
Markets are not overly concerned with US-Iran tensions, while focus shifts to the Fed's June meeting minutes, expected to reiterate a hawkish stance and underpin the US dollar.
USD
Market participants are largely brushing aside the recent escalation in US-Iran tensions, keeping the spotlight on macro drivers. The primary event today is the release of the Federal Reserve’s June meeting minutes.
Analysts expect the minutes to deliver a hawkish tone, reinforcing the message that the central bank remains committed to tightening. This outlook should provide a floor for the US dollar, preventing significant downside in the near term.
Source: FXStreet Forex News