Fed does not raise interest rate dollar no further reason

The Federal Reserve yesterday also released minutes of its March monetary policy meeting, which showed the Fed's belief that if the economic outlook deteriorates or inflation declines, it will continue to keep rates low for a longer period.　　The minutes show that the Fed remains concerned about the economic outlook, and policymakers are not in a hurry to raise interest rates, and Fed officials agree that keeping low interest rate in "longer term" will not make the Fed suffer when it needs to tighten monetary policy. But the minutes show that Fed officials believe there are already signs of good and controllable US inflation expectations, and that the economy is expanding modestly in early 2010 and that the labour market is likely to stabilise and that inflation may be slower than expected. The minutes were the dominant factor in the dollar's movements this week, and analysts had expected further gains in the dollar if there were indications that more members of the Fed were inclined to change their outlook on interest rates.　　But for now, some members think the risk of an early rate hike exceeds the risk of waiting too long, and the dollar has no reason to go higher. After the minutes of the Fed meeting, U.S. stocks were moderately higher, Treasury prices fluctuated slightly, while the dollar weakened slightly, and the dollar index slid closer to the 10th average. But analysts say the decline will be limited, underpinned by risk aversion. From the technical side, the dollar index is still stable 10th and 20th EMA, future or maintain consolidation trend.