FX Daily: FOMC Minutes Reinforce USD Strength and Hawkish Policy Trajectory

Key Takeaways

• 1.The upcoming FOMC minutes are expected to reinforce a hawkish message, providing a floor for the US dollar.
• 2.The Reserve Bank of New Zealand (RBNZ) hiked rates to 2.50% and signaled potential for further tightening.
• 3.The National Bank of Poland (NBP) is expected to hold rates, with the zloty under pressure due to dovish outlooks relative to peers.

Table of Contents

• USD: FOMC minutes to strengthen hawkish message
• EUR: Still quite relaxed about France
• NZD: RBNZ hikes and prepares to do more
• PLN: NBP dovishness keeps pressure on zloty

Report data

Equity jitters offered the dollar some support yesterday

Reports in this series

FX Daily is shown in chronological order through this edition, published on July 8, 2026.

Part of the FX Daily series — view all 70 editions

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