Dollar Falls as Traders Digest Fed Minutes

Dow Jones07-09 14:32

0632 GMT - The dollar eases after the Federal Reserve's latest meeting minutes showed policymakers were divided over the future path of interest rates. The minutes were more balanced than the "hawkish interpretation" of the June press conference which boosted expectations for rate rises, Jefferies economist Mohit Kumar says in a note. Many Fed policymakers saw price pressures easing over the medium-term and policy rates could be held steady or gradually reduced, he says. "Our view remains that as long as oil prices don't flare up significantly, we do not see a hike from the Fed this year and still expect the next move to be a cut (potentially next year)." The DXY dollar index falls 0.2% to 100.817.(renae.dyer@wsj.com)

(END) Dow Jones Newswires

July 09, 2026 02:32 ET (06:32 GMT)

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