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Investors will closely analyze this week’s FOMC Meeting Minutes to gauge policymakers’ views on inflation and future rate adjustments. Adding to the uncertainty, President Trump is scheduled to speak this week, and traders will be watching for any updates on trade policies or new tariffs.
His recent comments about imposing reciprocal tariffs on US trading partners have sparked fears of potential trade disruptions, which could impact market sentiment and weigh further on the US Dollar.
Forex Week Ahead; Major Events to Watch
This week brings several key economic events that could shape the Dollar’s trajectory.
On February 19, the FOMC Meeting Minutes will be released, providing fresh insights into the Fed’s stance on inflation and interest rates. Unemployment Claims on February 20 are projected to rise slightly to 214K from 213K, signaling potential softening in the labor market.
Meanwhile, the Philly Fed Manufacturing Index, forecasted at 19.4, has seen a sharp decline from the previous 44.3, indicating slowing economic activity.
Energy traders will also keep an eye on Crude Oil Inventories (February 20, 6:00 PM UTC), with expectations of a 4.1M increase, which could influence inflation expectations and commodity-linked currencies.
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