US Session – Dollar tumbles after dovish Fed minutes
Posted on July 10, 2013 at 7:54 pm GMTThe dollar tumbled against most major counterparts in late U.S. session trading on Wednesday after a much anticipated release of the Federal Reserve June 18-19 policy meeting minutes. Markets were expecting a more hawkish tone, which wasn’t the case. According to the minutes, several FOMC policy makers said that they would prefer to see an improvement in the U.S. labour markets as well as housing before they would consider tapering stimulus. Many investors, since Bernanke’s talk after the Fed meeting [..]