Ready to Get Started?
Start here. Join over 12M Libertex users around the world!
Fed leaves interest rates on hold- Dollar index unmoved so far
The US Federal Reserve have just decided to leave their Fed funds rate on hold and the vote was 10-2 in favour of the outcome.
Ahead of this decision the dollar had been losing traction all afternoon and into the European close. As per the EUR/USD, that had traded above 1.1150 since the last update here and that added further downside to the Dollar index, which traded as low as 102.20. However, it was on the rebound leading into this policy decision, and trading back above 102.33
The immediate reaction to the Fed decision has seen it not really fall much at all. It is right now at 102.30
Market News
All News-
EUR/USD rebounds from a test of 200 week moving average and here is why
Earlier this afternoon the EUR/USD did briefly trade below its 200 week moving average, which was still in place at 1.1108. The Euro skidded to set a...
-
Nasdaq 100 opens in the red as GOOGL sinks
The US stock markets have just reopened and it has been a lower start to the day for the Nasdaq 100. Whilst we do not yet have an exact opening price...
-
ECB leaves monetary policy unchanged- EUR/USD slips
The eagerly awaited monetary policy decision from the European Central Bank is now known and as expected the ECB have sat on their hands and kept all...