The taper tantrum is a big fear for stock investors but these Minutes will likely show continued optimism with the recovery and expectations for an early overshooting of their inflation target due to base effects.
The British pound was initially dragged down over the AstraZeneca vaccine headlines, but the hit to vaccine distribution seemed to be only a couple of weeks.
The risks to the Goldilocks scenario remains that the new COVID-19 variants may be more virulent and resistant to the vaccine and an increase in inflation that may not be temporary and force the Fed to raise rates.
Gold prices are little changed ahead of the release of the FOMC minutes that could provide further reiterations that policy is on hold for the foreseeable future and that they are not ready to discuss reducing asset purchases.
The headline crude inventory draw of 3.5 million bpd was larger than the 1.6 million forecasted drop, and the prior drop of 876,000 bpd.
The surge was mainly attributed to record gains in Ether and after XRP recaptured the $1 level for the first time in three years.
The Ripple price had one of the craziest rallies in the past three days, jumping by 100% to a three-year high of $1.19.
Welcome to FXStreet’s Live Market analysis blog for April 7.
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