menu search

The AUD is the strongest and the USD is the weakest ahead of the Fed decision later today

The AUD is the strongest and the USD is the weakest ahead of the Fed decision later today

The AUD is the strongest and the USD is the weakest as the market braces for the Fed rate decision that will be announced at 2 PM ET, followed by the hour long press conference with Jerome Powell starting at 2:30 PM.

The Fed is expected to hike by 25 basis points. A surprise would be if they get sold on front loading 50 bps (a Bullard suggestion), but that is NOT expected and if done, would likely be accompanied by detailed commentary on a "conditional" pause in hikes thereafter. Ag... Read More

Posted: Feb 1 2023, 13:14
Author Name: forexlive
Views: 112524

Search within

Pages Search Results: