State of the market: the US dollar remains under the pressure after the Fed meeting
The close of Wednesday’s trading and the opening of Thursday were marked by a total sale of the US dollar across the market. The US Federal Reserve monetary policy meeting results were the reason for it. Despite the fact that the Fed kept interest rates unchanged at 2.50%, the tone of the protocol indicated the possibility of a significant boost to the economy in the future. This was expressed by concerns about the growth of the world economy and the US economy and the revision of forecasts for a number of key economic indicators downward. This was regarded by the market as a preparation for rates cut at the upcoming Fed meeting.
Against the background of full confidence in the Fed rate cut in July, the US dollar index remains under the significant pressure, limited to significant oversold and support levels: 96.70 and 96.50.
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