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Daily outlook for USD: Lloyds Bank

Quotes from Lloyds Bank: -The Fed minutes last night highlighted the committee is still concerned more about events happening outside of the US, putting some doubt into an earlier rate. -This saw the US bond markets reve…

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Quotes from Lloyds Bank:

-The Fed minutes last night highlighted the committee is still concerned more about events happening outside of the US, putting some doubt into an earlier rate.

-This saw the US bond markets reverse this week's extended weakness and in turn saw the USD generally come under further pressure.

-The US data later today, if weak, will put further pressure on the USD longs, and even if it's a decent number we are likely to be limited topside until next week's testimony by Fed Chair Janet Yellen.

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