State of the market: the US dollar received a support from the Fed

From the start of Friday trades, the US currency has been trading with strengthening against a basket of competitors, which is caused by the text of the US Federal Reserve protocol. Thus, according to the results of the November meeting of the US Federal Reserve, interest rates remained unchanged at 2.25%. But the Fed also maintained a hawkish tone with regard to further tightening of monetary policy, which confirmed the market expectations for the December rate hike. As a result, the probability of a December increase in US rates is 75%, and the probability of an increase in rates in January is 73%.

The US dollar index continues to maintain optimism after the Fed protocol. It is limited by overbought and resistance levels: 96.80 and 97.00.

Read also: “The US economy continues its growth, confirming the rates hike policy”

Hanzenko Anton

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