The United States dollar was stable until the Fed minutes were released

On 8 July, the United States dollar remained stable until the minutes of the June meeting of the Federal Reserve were published. Given Kevin Walsh ' s commitment to price stability and the prospect of austerity as projected, his first meeting as Chairman of the Fed prompted the market to reflect more interest rate expectations. In a report, Steve Englander of the Slags Group stated, however, that Walsh had clearly avoided policy guidance, so it seemed unlikely that he would allow such guidance to be provided through the minutes of the meeting. “avoiding any discussion of interest rate hikes may be perceived by the market as a reluctance to act.” The DXY index of $101.017 was flattened and, overnight, it briefly touched the high point of the week of 101.215 as a result of increased tension in the US-Iraqi region and the inflow of hedge funds caused by the sale of the technology unit. "The New Wave"