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Dollar gains modestly on FOMC outcome

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yesterday, little occurred in the FX markets ahead of the FOMC. The Fed rate hike was widely expected and quite some policy divergence between the Fed and the likes of the ECB (and the BOJ) is already discounted. The Fed confirmed that policy normalisation will be gradual. The Fed dots suggest 4 additional rate hikes in 2016. This is no outright predication of what the Fed actually will do, but it is less dovish than we expected. Short-term interest futures also incorporate a second rate hike

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