FOMC minutes may give some hints

3:55 PM October 9, 2019

Minutes from the September FOMC meeting will be released at 7:00 pm (BST) and unveil reasons behind the second consecutive rate cut this year and may hint about further policy action. The last vote was divided with three votes against the decision (two votes against cut and one calling for more aggressive rate reduction). However, it is worth to note that the attitude from bankers could have changed dramatically after recent poor ISM readings. It causes that minutes may not give a fresh picture of the current situation. Nevertheless, the US dollar slightly loses a few hours before publication. EURUSD is approaching important level of 1.1000.

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