Gold rose, USD/CAD and USD/JPY dropped
What's moving markets on April 22? Read the report to know!
The Fed’s comments may move the USD higher
The Federal Reserve and the FOMC will make the monetary policy statement and announce the official rate on January 30 at 21:00 MT time.
There is no chance that the Fed will raise its current 2.5% interest rate. In addition, the recent dovish comments by the FOMC members and the Fed Chair Jerome Powell signaled the pause in rate hikes if the US economy weakened. In case the monetary policy statement contains some positive data, the USD will get positive momentum.
• If the FOMC statement is hawkish, the USD will rise.
• If the FOMC statement is dovish, the USD will fall.
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The pack of PMIs to boost the euro
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USD/TRY: testing all-time highs
The relationship between the US and Turkey is not going well. Neither do things for the Turkish lira.
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