Dollar falls before US releases inflation data; UK recorded GDP

已更新
Minutes from the Fed's most recent meeting, released on Wednesday, indicated that most central bank policymakers agreed that another rate hike would be "appropriate" when Inflation continues to trend higher than target.

The minutes also pointed out the uncertainties surrounding the economy and the need to proceed carefully in assessing the impact to have appropriate policies.

The weeks following the September meeting saw Treasury yields rise sharply, and this was seen by some Fed officials as a factor that could allow them to end the rate-hike cycle, to the detriment of US currency.

Analysts at ING said yields continued to adjust lower on expectations the Fed would refrain from raising interest rates again. “However, we suspect that further bond hikes could cause yields to rise again and limit USD losses.”

GBPUSD BUY 1.2190-1.2200❌
✔️TP: 1.2230
❌SL: 1.2150
註釋
UK economy grew in August

GBP/USD rose 0.1% to 1.2323 after the UK economy registered a 0.2% increase in August, according to data released earlier on Thursday, partially recovering from a sharp fall. 0.6% in July.

This growth reduces the likelihood of a recession starting as early as the July-September period, with the ONS saying the economy would need to grow by 0.2% in September to avoid contraction in the third quarter.
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