State of the market: The Fed disappointed the market

At the beginning of the day, investors continue to sell the American currency across the entire spectrum of the market, after the US Federal Reserve raised rates, but left the forecast for raising rates unchanged. Thus, the Fed decided to use the policy of Yellen, saying about the orientation to macroeconomic indicators. As a result, the US dollar index remains near the March low.

At the same time, the US dollar remains significantly oversold, which indicates the possibility of a technical correction. An additional factor in the recovery of the American is optimism in the stock markets. With the positive start of the European stock exchanges, the American will get an incentive to recover.

Graph of the US dollar index. The current price is 89.40.

Hanzenko Anton