OctaFX | OctaFX Forex Broker
Open trading account
Back

Breaking: USD surges on hawkish Fed hike

-- more to come 

Follow all the developments in Fed Live Coverage

The Federal Reserve was broadly expected to raise interest rates in its final decision of the year, completing four increases in 2018. High uncertainty about 2019 loomed over the markets. The FOMC projections, known as the dot-plot, showed three rises next year. However, several signs of a slowdown and a few expresses of concerns from Fed officials. Ahead of the publication, the US Dollar was on the defensive, signaling growing expectations for a dovish hike.

The Fed releases new forecasts for inflation, growth, employment, and interest rates. In addition, the FOMC Statement and Chair Jerome Powell's press conference are of high interest. 

USD/TRY: Downside risks to TRY forecasts are still geopolitical - Danske Bank

According to analysts from Danske Bank,the risks of a recession in Turkey remain elevated. They forecast USD/TRY at 5.90 in 3M, 6.10 in 6M and 6.50 in
Read more Previous

United States Fed Interest Rate Decision meets expectations (2.5%)

United States Fed Interest Rate Decision meets expectations (2.5%)
Read more Next
Start livechat