Market Focus

On Wednesday, January 31, 2018, the attention of market participants will be focused on the FOMC statement and the decision on the interest rate of the US Federal Reserve. The application contains information on the results of voting on the interest rate, discussion of the current economic situation, and gives an overview of the further direction of monetary policy.

According to the forecast, the Fed will leave the interest rate at 1.50%. Confirmation of the forecast, most likely, will not cause a special increase in volatility in the market against the US dollar. Market participants will expect any signals about the intention to speed up the pace of tightening of monetary policy, as a result of which the US dollar can receive significant support.

Alexander Sivtsov