Dollar fluctuates as Investors await the Federal Open Market Committee Interest-Rate decision

The Federal Open Market Committee policy meeting has caused the dollar to fluctuate on Monday has investors anticipate a rise in the rates of interests, which has not occurred since 2006, this move will aid the yield advantage of assets quoted in Usd.
The dollar-strong trade is still very much on, regardless of if the FOMC rate decision is “very much all in the market” considering its level versus the euro, this was opined by Peter Rosentrich, head of market strategy at Swissquote Bank SA in Gland Switzerland ,” while we are not going to see euro-dollar at parity, there’s still going to be a steady stream of demand for the dollar” he said.

AVA Trade
Trade With Confidence
Award-winning innovative broker. Segregated accounts with leading international banks.+200 financial instruments for trading.
$30 No Deposit Bonus
Open an XM Zero account and trade with spreads as low as 0! Average EUR/USD spread 0.1
eToro Social Trading
Copy Successful Traders
Automatically copy leading traders in eToro community. Expert trader? get copied yourself to earn a second income!

Tags: , ,

Leave a Reply

You must be logged in to post a comment.