Will the FOMC meeting push the USD?

Will the FOMC meeting push the USD?

The Federal open market committee will release the monetary policy statement and announce the official rate on May 1, at 21:00 MT time.

We don’t expect any changes to the current interest rate this time. However, the Federal Reserve may provide some hints on the further path of its monetary policy. The recent comments by the FOMC members showed that the bank would stick to its patient tone for the foreseeable future. If Mr. Powell surprises the market with more optimistic comments, the USD will rise.

• If the FOMC is hawkish, the US dollar will go up;

• If the FOMC is dovish, the US dollar will go down.

Check the economic calendar

shutterstock_572323156 (1).jpg

                                                                                                TRADE NOW

Similar

Latest news

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera