US Dollar Wavers Ahead of Hawkish Fed Minutes Weighing Rate Cut Timing
• US Dollar Index shows some weakness ahead of FOMC Minutes release, declining to 104.00 • Fed expected to maintain hawkish stance and keep rates unchanged, delaying easing cycle • Markets pushing expectations of rate cuts to June, according to CME FedWatch tool • Technical analysis shows battle for control between bulls and bears in short term • Release of FOMC Minutes may fuel volatility in Fed decision expectations