U.S Dollar rises after F.O.M.C meeting !

USA J
USA J

The Minutes from the latest FOMC meeting show that the Fed is split whether they would raise interest rates in June..anyway :

Here is the most critical points that were discussed from the minutes:

1-Participants expressed a range of views about how they would assess the outlook for inflation and when they might deem it appropriate to begin removing policy accommodation.

2-Several participants judged that the economic data and outlook were likely to warrant beginning normalization at the June meeting.

3-FOMC hinted that it would approach its first interest rate hike since July 2006.

4-The Federal Reserve downgraded its economic growth and inflation projections.

Conclusion : The US dollar rises after FOMC meeting , but it also remains under pressure , since the picture is not clear yet , more consolidated trading could be seen the upcoming days …

 

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