Waiting for FOMC Minutes, This Happens in USD!

<p>&nbsp;A quiet day following the holiday in the United States saw investors with mixed trading in the US dollar and strengthening commodity currencies.</p><p><br /></p><p>Investors are now waiting for a new catalyst to move the market which is expected to be active again ahead of the release of the FOMC meeting minutes report.</p><p><br /></p><p>It is then followed by US employment data with ADP, JOLTS and jobless claims reports on Thursday, as well as NFP on Friday.</p><p><br /></p><p>The dollar index appears to have firmed back above 103.00, weighed down by the euro falling below 1.1900, making it one of the worst performers among major currencies.</p><p><br /></p><p>Although not high-impact data, investors will focus on the release of the final European Zone PMI reading for June as well as the producer price index (PPI).</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Meanwhile, the pound strengthened slightly in the European session before reducing some gains in the next session to trade around 1.2710 against the USD.</p><p><br /></p><p>The yen rose slightly against the greenback, but remained frantic at its lowest level since November 2022.</p><p><br /></p><p>Additionally, the Aussie dollar commodity-linked currency recovered from a fall following the Reserve Bank of Australia's (RBA) decision to keep interest rates unchanged.</p><p><br /></p><p>The Aussie dollar initially edged lower, before rebounding as investors still saw that the RBA would go ahead with its next rate hike.</p><p><br /></p><p>The New Zealand dollar continued to extend its strengthening by rising higher to around 0.6198 against the greenback, while the Canadian dollar moved flat after rising in the previous session.</p>