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USD Stabilizes as Fed’s Two-Day Meeting Commences


December, 15 2016
watermark Economic news

The USD had a somewhat muted trading session since traders are now closely monitoring Federal Reserve as the FOMC’s two-day meeting has already begun. The market is currently expecting the USD to have a somewhat inactive reaction to the Fed’s speculated 25-point interest rate hike, but could exhibited an increased volatility with regards to its price once Fed Chair Janet Yellen speaks on the press conference following the FOMC meeting. The market liquidity expected for this month has already been augmented by the results of the Fed meeting, especially since traders are now more concerned with the central bank’s future plans than with the Fed rate hike this month.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.