23 November 2022 | Other

U.S. dollar stabilized ahead of the Fed’s minutes release

The U.S. dollar has stabilized ahead of the Federal Reserve’s (Fed’s) latest minutes release. This might be driven by investors’ more risk-averse behavior, as they await information on the following monetary policy course, outlook for inflation and interest rate hikes.

Minutes of the Fed’s meeting are to be released today, on November 23. Expectations of many are focused on the central bank’s announcement of a possible slowdown in rate hikes. In November, Fed Chair Jerome Powell outlined this probability, although he also highlighted the fact that borrowing costs would continue to rise at the same pace.

At the same time, the U.S. central bank continues to demonstrate its intention to fight inflation by monetary policy tightening. The forecasted rate peak of 5.5% was even shifted to September 2023, which is sooner than it was previously stated.

Company MarketCheese
Gold sell
Period: 21.07.2025 Expectation: 6600 pips
Gold correction looms amid overbought conditions and stronger dollar
Today at 10:58 AM 45
Period: 18.07.2025 Expectation: 1100 pips
Silver prices surge toward $40 level
Today at 10:02 AM 31
Period: 11.07.2025 Expectation: 920 pips
GBPUSD falls as UK GDP unexpectedly shrinks
11 July 2025 53
Brent sell
Period: 17.07.2025 Expectation: 150 pips
OPEC's gloomy forecast drags Brent crude prices lower
11 July 2025 71
Period: 17.07.2025 Expectation: 26000 pips
Institutional investor demand could push ETHUSD to 3,000
10 July 2025 87
Period: 16.07.2025 Expectation: 2000 pips
USDJPY prepares to retest 148 Level
10 July 2025 69
Go to forecasts