Today 02:00pm EST / 07:00pm GMT
*MINUTES OF THE NOV 4 FOMC MEETING: SAW DECLINE IN USD AS ORDERLY; LOW RATES MAY CAUSE EXCESSIVE RISK TAKING – Wary of falling USD and impact on inflation; risks to inflation outlook ‘roughly’….
That, what, in principle, I talked about in the blog. That there is nothing wrong with the fall of the dollar. it happens smoothly , no collapse. Certainly, they care, that a weak dollar increases the risk of appetite and that a fall in the dollar could trigger inflation.
Dollar Decline ‘Orderly’
“Participants noted that the recent fall in the foreign exchange value of the dollar had been orderly and appeared to reflect an unwinding of safe-haven demand in light of the recovery in financial market conditions this year,” the minutes said. “Any tendency for dollar depreciation to intensify or to put significant upward pressure on inflation would bear close watching.”
