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Fed Gives Dollar a Smack

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Yesterday’s Trading: The USD on Wednesday weakened throughout the market. The Fed decided to keep their interest rate at 0.25-0.50%. It was announced that the rate is to be raised twice this year, and not four times as was said earlier. It is this that caused a sharp fall of the dollar. The Kansas Fed president George voted to lift rates by 0.25%, with the other 9 voting to keep things unchanged. The forecast for the economy and inflation was dropped. After Yellen spoke, experts began saying

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