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📰 DOLLAR STRENGTHENS AHEAD OF FED MINUTES Fed minutes to be released today may reveal that some officials were against a 50-basis-point cut before being convinced to vote with the majority, BBH analysts say in a report. In the September 18 meeting that kicked off monetary easing, Governor Bowman was the only dissent, voting for a 25-bps cut. Fedspeak since then has pointed to another 25-bps cut next month, a prospect that offers some support to the dollar. The WSJ Dollar Index is up 0.3%. The greenback is up 0.4% versus the yen and 0.2% versus the euro.

October 9, 2024
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DOLLAR STRENGTHENS AHEAD OF FED MINUTES

Fed minutes to be released today may reveal that some officials were against a 50-basis-point cut before being convinced to vote with the majority, BBH analysts say in a report. In the September 18 meeting that kicked off monetary easing, Governor Bowman was the only dissent, voting for a 25-bps cut. Fedspeak since then has pointed to another 25-bps cut next month, a prospect that offers some support to the dollar. The WSJ Dollar Index is up 0.3%. The greenback is up 0.4% versus the yen and 0.2% versus the euro.