Investors are anxiously waiting for the minutes from the April 29-30 meeting of the Federal Open Market Committee which will be released today to determine the future of the U.S. economy. As a result, the U.S. Dollar traded in narrow limits against major currencies. The U.S. Dollar continues to come under pressure against the Euro as investors now believe that the ECB will not cut interest rates in the near future. The Dollar also fell sharply against the Yen, as investors are concerned about the increasing oil prices which rose to a record high of $129 per barrel. According to analysts the U.S. Dollar will be greatly influenced by the information outlined in the minutes of the FOMC.

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