Market updates on August 23
Will the Fed Chair changes his views during the speech today?
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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News is what making the risk sentiment fragile today...
Market updates on August 21
Oil updates and the FOMC minutes are on the agenda
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