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US central bank lifted the interest rate at the March meeting. The market expects at least two more rate hikes this year. The US dollar has already strengthened much, and the central bank has to increase the interest rate to make the greenback’s rally continue.
At the last meeting of the Federal Reserve in May, it hinted at a possible rate hike in June.
The Federal Reserve will release the rate statement at 21:00 MT time on June 13.
• If the Fed raises the interest rate, the USD will move up.
• If the Fed doesn’t increase the interest rate, the USD will lose momentum.
Moreover, the Federal Reserve will hold a press conference at 21:30 MT time. In the first part, its Chairman Jerome Powell will read a statement containing comments on the economic conditions that influenced the central bank’s decision. After that, he will answer the questions of the press. Answers will create a high volatility in the market. During the press conference, traders will get clues on the future policy of the Fed.
In June, German business confidence slipped to its lowest value for more than a year, thus dropping a hint that the mood among company executives in the EU’s number one economy is worsening as the world is getting closer to a full-fledged trade conflict…
The Australian corporate regulator might require playing a greater role in regulating agricultural finance considering the absence of redress options for borrowers, as it shifted its attention to Australia’s $50 billion farm sector…
In June, American private sector activity speeded down, as follows from survey data uncovered on Friday…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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