On Wednesday at the Asian session the dollar has renewed decrease against other main currencies after the representative of the Central Bank of China informed intention to liberalize the currency policy. As a result the dollar has decreased in areas of local minimums.
EUR/USD was supported on $1.2840. While trades the rate has tested $1.2900, but offers here resist growth.
GBP/USD climbed to $1.8850. Then the rate consolidated in a range $1.8805/50.
USD/JPY decreased while session. As a result the rate overcame support on Y112.00 and reached Y111.50 by the european opening. This level stopped rate’s fall and led to stabilising near the session minimum.
The main event of a day is going to be FOMC Minutes from 10th May which will be published at 1800GMT
Remind that on it’s last meeting FED for the 16th time lifted it’s key rate Federal Funds 25 years диаграмма to 5%.
In the accompanying statement FED governors have precisely declared, that the further steps of the Central Bank on interest rates will depend on economic data. So now the market will focus on May Chicago PMI Chicago PMI диаграмма awaited at 1400GMT. Forecasts data to be under prior 57.2 pp. and makes 55.8 pp. this months. Weak data can add pressure on USD.