The US Federal Reserve released the Minutes of its September FOMC meeting on Wednesday at 18:00 GMT, triggering notable shifts in major currency pairs. The US dollar gained strength alongside rising US Treasury yields, influencing broad market sentiment, FX Street reported.
Among the affected pairs, the Euro weakened against the dollar, with EUR/USD falling 0.57% to around 1.1195, reaching its lowest level in 17 months, according to FX Street. Similarly, AUD/USD declined 0.44% to approximately 0.6950, while USD/CAD rose nearly 0.45%, reflecting the dollar's broad-based appreciation.
For Japanese investors, these movements highlight the ongoing impact of US monetary policy on global FX markets, underscoring the importance of closely monitoring Fed communications amid expectations for future rate hikes.