The dollar could remain bid as evidence of resilient consumer spending conditions could prompt the market to push back its expectations for a Federal Reserve to pivot interest rate rises. Last week, the fed funds futures strip removed about 12 basis points of monetary easing for next year, and that could continue as strong earnings from Walmart and Home Depot on Tuesday showed the resilience of U.S. consumer spending. The minutes from the FOMC meeting on 27th July will be released this evening and may provide some information on the Fed's determination to persist with monetary tightening and what conditions would be required before considering a pause. - MUFG
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