Market Update: USD Rally Post FOMC
Hi traders, in today’s video update, we run over the strong USD rally we saw early this morning after the main financial event of the week – the FOMC meeting.
The surprise from this morning’s FOMC was an expectation of rate rises sooner than expected. 2023 suggested when we could see FED rate hikes.
We take a look at technical action and levels we’re watching on the USDCHF, EURUSD, Gold and on the AUDUSD. The Aussie Dollar was influenced but is also under a different pressure from China as the world’s second-largest economy continues to talk about ways to hold back higher commodity prices.