Weekly Cryptonews
The first part of the week was more than optimistic for Bitcoin. However, now it is going through the correction phase.
How Fed comments will affect the USD?
The Federal Reserve (Fed) will announce its interest rate at 21:00 MT time on November 8.
In September, the Fed increased the interest rate by 25 basis points to 2.5%. The market doesn’t look for a rate hike this time. However, comments of the Federal Reserve will be highly important for the USD in times when Mr. Trump criticizes the Fed monetary policy.
• If the Fed is optimistic, the USD will rise.
• If the Fed is pessimistic, the USD will fall.
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RBNZ Meeting
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.
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