USD: new maximums ahead
Kira Iukhtenko, FBS
The past week lacked economic releases in the United States, so buying pressure on the currency calmed down. The new week promises to be more dynamic for the US dollar.
Release of the Federal Reserve meeting minutes on Wednesday will be at the centre stage. On the October meeting the Fed announced the end of QE and sounded rather optimistic about the economy, so the minutes release could render support for USD.
However, we could also get some negative news too. Industrial production data on Monday could show growth slowdown, while CPI on Friday will likely fall to zero on the back of lower energy prices.