Forex Today: Dollar surges on Fed taper speculation, covid concerns, commodity currencies crumble
newscatcher
2021-08-19 06:30
Forex Today: Dollar surges on Fed taper speculation, covid concerns, commodity currencies crumble
Here is what you need to know on Thursday, August 19: The US dollar has been marching higher after the Fed's meeting minutes suggested that tapering is on the agenda. EUR/USD hit the lowest since November 2020 and the Aussie fails to benefit from upbeat jobs figures. Gold is under pressure and oil sinks to the lowest since May. US jobs figures and covid headlines are eyed.  Taper is coming: The Federal Reserve's meeting minutes from the July gathering suggested that the bank is tilting toward reducing its bond-buying scheme already in 2021.

https://www.fxstreet.com/news/forex-today-dollar-surges-on-fed-taper-speculation-covid-concerns-commodity-currencies-crumble-202108190621

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