On Wednesday, Federal Reserve officials said the shedding of the $4.5 trillion in bonds the central bank is holding on its balance sheet are expected to begin this year, according to the summary text. However, some Federal members urged the Fed to wait until the U.S. economy touches the particular target.
In addition, the Fed did not conceal its worries over the political and economic uncertainty of the new US administration and its effects on the U.S. economy.
The Greenback failed to maintain its gains vs. Japans Yen as appetite for riskier assets increased ahead of Trump-Xi summit. USD declined to the key psychological of ¥110.
Gold prices boosted yesterday as the U.S. ISM Manufacturing fell to 55.2, the lowest level since October. The precious metal is trading at $1,255 in anticipation of the meeting between leaders of the United States and China.
Oil prices declined yesterday after the U.S. government reported a weekly increase in the U.S. crude oil inventories of 1.6 million barrels.
The most important economic events:
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