Market foсus

On Wednesday, 01.11.2017, 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 1.25%. FOMC statements must confirm the interest rate increase in December, which will support the US currency. One should expect the American to strengthen within 50-60 points against the basket of currencies.

Alexander Sivtsov