Market Focus

On Wednesday, December 13, 2017, 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 amount of the interest rate, discussion of the current economic situation provides an overview of the further direction of monetary policy.

According to the forecast, the Fed will increase the interest rate from 1.25% to 1.50%. Confirmation of the forecast will support the US currency, against which it is expected the strengthening of the US dollar within 50-70 points against its competitors. Also, FOMC press conference will be held later this day, during which it will be possible to predict further tightening of the monetary policy of the Fed, depending on which, the US dollar can get support or occur under pressure.

Alexander Sivtsov