How Fed comments will affect the USD?

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.

Check the economic calendar

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