USD catches a fresh bid, Euro falls

The Usd was extremely unstable in the hours after the Fed decision, but has gradually recovered. The Eur/Usd suffered the most sliding to about 40 pips from the open of the Asian-pacific trading.

The Usd fluctuated in a narrow range after the Fed’s announcement; its muted moves were attached to the idea that the rate hike had been priced in largely.

EURO-DOLLAR.Com Top Forex Brokers
Trade EUR/USD with AVA Trade
Trade EUR/USD with eTORO
Trade EUR/USD with XM.Com

“They did exactly what the market thought they would, no one was caught unawares” said John Doyle director of markets at Tempus Inc. It’s been almost a non event because we have been pricing it in for two months he said.

Indeed, the Fed’s “dot plan” which is a collection of official forecasts about the pace of rates hike, advised the Fed will raise rates four times in 2016, which agrees with the expectations of many market strategists.

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.