Fed leaves dot plot unchanged – USD rises sharply

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The Fed announced the beginning of Quantitative Tightening: a reduction of the balance sheet by $10 billion, beginning in October. That was fully priced in. What was left as an unknown was the path of future rate hikes. According to the dot-plot, the Fed is set to raise rates one more time this year, in December.  Here is the full preview: window to short the dollar and two other scenarios.

The dollar reacts positively to the confirmation of a hike.

Here is a live coverage of this all-important decision by the Fed, done in collaboration with Valeria Bednarik of FXStreet and the FXStreet team.

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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