• 34ºc, Sunny

Federal Reserve meeting notes dollar strengthening

BBH analysts said in a note that Fed meeting notes to be released tonight were likely to show some Fed officials had opposed a 50 basis point cut before being persuaded to vote for a majority. Bowman, the Fed governor, was the only dissenter at the September 18 meeting to kick-start monetary easing, voting for a 25 basis point cut. The prospect of the Fed hinting at another 25 basis point cut next month has since provided some support for the dollar.