Forex: Bank of England Minutes Reveals a Three Way Split, U.S. Dollar Tumbles Against All Major Currenices

The greenback dropped against all its counterparts during the overnight trade

, with the Australian dollar leading the advance amongst the majors, climbing some 0.88 percent. The economic docket in the world's largest economy is fairly light today but should not be overlooked. Fed officials Charles Plosser and Jeffrey Lacker will speak about regulation and the economic outlook respectively and these speeches should be closely monitored, with focus towards any indication of quantitative easing. At the same time, the Fed's Beige Book economic report will be released at 18:00 GMT, and is expected to show that the recovery is no longer losing momentum at a rapid pace.

Forex: Bank of England Minutes Reveals a Three Way Split, U.S. Dollar Tumbles Against All Major Currenices

By: DailyFX

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