Market updates on October 18
De-escalation between the US and Turkey and News for the GBP are on the agenda
Will the Fed make the US dollar rise?
The release of the Federal open market committee (FOMC) meeting minutes is scheduled on February 20, at 21.00 MT time. This is a detailed record of the previous FOMC meeting, which provides the insights into the economic and financial conditions that influenced the current monetary policy by the Fed. During the last meeting, the Federal Reserve said it would be "patient" before determining its next rate move. According to the Fed Chair Jerome Powell, the current level of the interest rate is appropriate for the current state of the economy. If the release of meeting minutes contains any hints on the further steps by the Federal Reserve, the USD will be supported.
• If the FOMC is hawkish, the USD will rise;
• If the FOMC is dovish, the USD will fall.
Similar
Market updates on October 17
The European Brexit Summit will gather the main attention today...
Market updates on October 15
The GBP is going to be volatile today, while USD/TRY may be looking for a retest of its highs. Read more!
Latest news
Market updates on October 18
De-escalation between the US and Turkey and News for the GBP are on the agenda
Will the situation change for the British pound?
The reports that the UK and the EU reached a deal pushed the GBP up immediately.
Market updates on October 17
The European Brexit Summit will gather the main attention today...
Deposit with your local payment systems
