OctaFX | OctaFX Forex Broker
Open trading account
Back

FOMC minutes was the catalyst - FXStreet

FXStreet (Barcelona) - Valeria Bednarik, chief analyst at FXStreet explained conditions in the US session.

Key Quotes:

“After spending the day on hold, investors rushed to sell the greenback on a dovish than expected FOMC”.

FED officials show signs of concerns about weak overseas growth and strengthening dollar”.

“Furthermore, the Minutes kept the language indicating the “considerable time” between the end of QE, expected for later this month, and the first rate hike”.

“Stocks welcomed news, with the DJIA up over 200 points after the news, having been flirting with last week lows early on the day, and S&P trading 1.30% up after the news”.

US stocks gain while the US Dollar Index falls

US stock markets are trading higher after the Federal Reserve (Fed) minutes indicated that the policymakers favor a slow rise in the interest rates, contrary to market expectations.
Read more Previous

USD/JPY now testing 108.20 key support

USD/JPY is trading at 108.26, up 0.22% on the day, having posted a daily high at 108.76 and low at 107.75.
Read more Next
Start livechat