Overview – Looking ahead today, expectations regarding FOMC Minutes and Fed Chair Powell Speech could spark volatility towards the US Dollar.
Fed Chair Powell Speech
The Federal Reserve’s minutes will be released later at 18:00 GMT on regards to its mid-September meeting. Fed’s Powell has said that the central bank’s balance sheet will expand again and says that there is no reason why expansion can not continue.
The Federal Reserve will be releasing their edited minutes of the September 17-19 Federal Open Market Committee meeting today, October 9, 2019, at 18:00 GMT, 14:00 EDT.
Markets are anticipating a third cut this month from a divided FOMC.