Yesterday, USD strengthened against all major currencies.
During the monetary policy meeting earlier today, the FOMC held interest rate at the targeted range of 0-0.25% while making no changes to QE tapering. The central bank is also expecting QE to end in March. During the press conference, Chairman Powell highlighted that the committee members agree that interest rate hike will soon be appropriate due to the elevated inflation. On the matter of uploading of bonds, the central bank Chief said that more details will be provided during the next meeting in March.
The U.S. Advance GDP q/q data (Forecast: 5.3%, Previous: 2.3% revised 2.0%) will be released later at 2130 (GMT+8).
During the monetary policy meeting earlier today, the FOMC held interest rate at the targeted range of 0-0.25% while making no changes to QE tapering. The central bank is also expecting QE to end in March. During the press conference, Chairman Powell highlighted that the committee members agree that interest rate hike will soon be appropriate due to the elevated inflation. On the matter of uploading of bonds, the central bank Chief said that more details will be provided during the next meeting in March.
The U.S. Advance GDP q/q data (Forecast: 5.3%, Previous: 2.3% revised 2.0%) will be released later at 2130 (GMT+8).
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