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A bid greenback post FOMC – FXStreet

FXStreet (Guatemala) - Chief analysts at FXStreet, Valeria Bednarik explained that Investors are happy buying the dollar.

Key Quotes:

“That’s the easy conclusion after latest FED meeting, as the US Central Bank trimmed $10B as expected from their QE, confirmed the last $15B will be cut next October, and maintained their statement pretty much unchanged from previous one on July”.

“There was no change in the wording, with rates likely to remain low for a considerable time, and the slack in the labor market still being significant”.

“They have discussed how policy will return to normal, the from now on known principles of normalization that the FED has discussed and will likely adjust from those specified back in June 2011”.

USD/JPY hits 108.50, en-route to 110.00?

USD/JPY keeps on rising, with the exchange rate touching yet another new high, this time at 108.50, following a 1.3 yens gain on Wednesday, as the FOMC reinforces the notion that a process of normalization in interest rates is getting closer.
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USD to remain king of the board - ANZ

ANZ expects the USD to strengthen against most currencies going forward following the FOMC outcome.
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