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Fed rekindles the Dollar rally hinting that December is still a chance for a hike

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Volatility was elevated in the currency markets over the past 24 hours as traders were looking towards the Fed meeting to get a much clearer outlook for the US Dollar. We had explained in our reports the significance of this FOMC meeting and how it could affect the US currency and we’ve stated how we thought the press statement after the meeting would go. However it seems that the Fed surprised us a little bit as it turns that the policymakers remain just a bit more bullish than we’d expect.

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