The Minutes of the United States (US) Federal Reserve’s (Fed) September 16-17 monetary policy meeting will be published on Wednesday at 18:00 GMT.
With no major US data releases amid the government shutdown, markets remain subdued as investors await news on when the delayed September labor report will be published. While tonight’s FOMC minutes may shed light on internal divisions, they are unlikely to move the dollar.
The Reserve Bank of New Zealand surprised with a 50bp rate cut today. Furthermore, guidance remained dovish, signalling openness to further reductions, resulting in a 1% drop in NZD/USD, ING's FX analyst Francesco Pesole notes.