FOMC minutes provide USD with today’s hurdle

21 August, 2013

Graham Harborne

So far this week the markets have been fairly subdued due to a distinct lack of any significant economic data. After the pounds strong showing last we this week it has been rather stagnant with it losing ground against the euro yesterday. No real reason for the move other than a slightly ‘risk off’ sentiment across the markets and perhaps traders were selling off some of their positions perhaps hoping for another rally in the weeks to come. Today again is fairly quiet with nothing of note out of the Eurozone