FED Minutes

The U.S. Dollar Index remains under pressure near 99.55 as traders await the July Fed meeting minutes for guidance on rates and inflation. EUR/USD and GBP/USD are holding above key technical supports, with ECB rate expectations and UK inflation data shaping the near-term currency outlook.

The US dollar remained close to familiar levels after July inflation data matched consensus across headline and core measures. Softer jobs data and another decline in inflation have pushed more hawkish Federal Reserve expectations out of immediate focus.

The US dollar remained broadly steady after July inflation data landed in line with market expectations, limiting volatility across major markets. Softer jobs momentum and another cooling inflation reading have pushed more hawkish Federal Reserve expectations into the background for now.

Bitcoin is caught between falling market-based inflation expectations and rising consumer inflation fears as renewed conflict involving Iran jolts oil prices. Traders are watching whether Fed minutes from the June meeting reinforce caution around rates while BTC hovers near $62,000.

September E-mini S&P 500 Index futures are slightly lower early Wednesday, but remain above a closely watched technical support cluster. Traders are weighing stronger crude prices, pending Fed minutes and semiconductor pressure that has left the Nasdaq-100 looking more vulnerable than the Dow or S&P 500.

AUD/USD climbed for a second consecutive day to its highest level since June 23rd as the US dollar weakened after softer jobs data. Technical traders are watching whether resistance near 0.7050 caps the rebound or whether support around 0.6850 comes back into focus.