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State of the market: the market analyzes of the US Federal Reserve meeting results
After the publication of the of the US Federal Reserve meeting results and the press conference of the Federal Reserve Chairman Powell, the US dollar strengthened across the market. Despite a decrease of 25 b.p. in key US rates, they left the opportunity to further rates cuts. But, despite the easing of the US monetary policy, the tone of the Fed remained tough, indicating the positive dynamics of the US economy. The tone made it clear that lowering rates is not a long cycle.
As a result of lower rates, the US Federal Reserve has aggravated risks in the world. At the same time, the decrease in rates was minimal 0.25%, which was actually included in the price of the US dollar earlier. The Fed’s intentions not to lower rates further provided significant support to the dollar, increasing its growth. The US dollar index has been trading with strengthening from the start of the day, limited by overbought and the level of 99.00.
Read also: “How real is the currency intervention in the USA”
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
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