Forex Dollar Drops, Euro Rips after FOMC

Live Signals for Forex Dollar Drops, Euro Rips after FOMC

Forex Dollar Drops, Euro Rips after FOMC

Forex Dollar Drops, Euro Rips after FOMC FxPremiere

Fed’s statement yesterday, the U.S. Dollar slid down to set fresh one-year lows, coming very close to the prior swing-low at 93.02. EUR/USD ripped-higher with aggression, as the pair broke above the swing from ‘China’s Black Monday’, set on August 24th of 2015, to set a fresh 2.5 year high. And this appears to be a fairly clear example of markets discounting the Fed’s hawkish outlook towards rate policy as the very uncertain process of Quantitative Tightening looks ready to begin very, very soon.


Forex Dollar Drops, Euro Rips after FOMC

It’s rates that drive capital flows: When a Central Bank hikes rates, there are even more reasons to buy that currency (to capture the higher rate). But markets are forward-looking, and rarely will they wait around for confirmation before beginning to price-in potential themes. And with the Fed taking this stance on balance sheet reduction, it appears that markets are even less optimistic that the bank will stick to their plans for continuing to hike rates into the end of next year

eurusd Forex Dollar Drops, Euro Rips after FOMC

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