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Fed keeps Fed Fund rates on hold- USD/JPY lifts on the news
The US Federal Reserve policy voting committee: the FOMC have just decided to leave their Fed Funds rates unchanged, as was expected by the markets. The upper band remains at 5.5% and the lower band stays at 5.25%. The reserve balance rate is also unchanged at 5.4%. The immediate impact of that has seen the USD/JPY lift back above 156.00. Earlier the USD/JPY traded to a low at 155.72 after the CPI data sent the dollar sharply lower. The USD/JPY has lifted above 156.20 on the news. It is just now trading at 156.11
Market News
All News-
EUR/USD lifting off the lows as the final 4pm London fix of the month passes
It has been quite a messy afternoon across the major FX markets. That has seen a good deal of cross price action, especially in the EUR/GBP. At one...
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Dow Jones slides more than 600 points as White House tries to spin the positive
As expected the US stock markets slid into the opening and that has seen more than 2% falls for the Nasdaq 100 and the S+P 500. Meantime, the Dow...
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Dissecting the US data as US stock futures fall- check out the Nasdaq 100 futures right now
Following on from the previous update, noting the fall in US Q1 flash GDP at the same time as prices have risen, here is some more colour and opinion...
