The US dollar rate today is stable against the euro, rising against the yen and weakly rising against the pound. The market is waiting for the publication of the Federal Reserve’s (Fed) July meeting minutes.

The Fed will release the minutes of the Federal Open Market Committee (FOMC) meeting on Wednesday, July 26-27.

Fed Chairman Jerome Powell said during a news conference following the July meeting that the U.S. Central Bank may slow the pace of increases in the base interest rate, and the minutes may give the same signal, according to a currency market analyst at MUFG Bank Sophia Ng, whose opinion leads to Dow Jones. This will confirm market participants in the opinion that the Fed will raise the rate by less than 75 basis points in September, the expert said.

Dollar rate chart

The euro/dollar pair is trading at $1.0169, compared to $1.0171 at the close of the previous session.

The U.S. currency went up by 0.26% to 134.55 yen against 134.22 yen in Monday trading. The pound grew by 0.12% to $1.2111 from $1.2096 a day earlier.

The index, calculated by ICE, which shows the dollar trend against six currencies (euro, Swiss franc, yen, Canadian dollar, pound and Swedish krona), lost 0.13%, while the broader WSJ Dollar Index – 0.07%.

As of Tuesday’s trading results, the dollar fell 0.14% against the euro and 0.37% against the pound, while strengthening 0.68% against the yen.

Earlier we reported that the quarterly GDP growth estimate for the euro zone had worsened to 0.6%.