Breaking
Posted 3 hours ago
Fed Raises Rates Again; Global Currency Markets Face Pressure
The Federal Reserve has hiked rates as PCE inflation remains elevated at 3.7% versus its 2% target, well above recent CPI declines. Higher US yields attract capital flows into dollars, pressuring EUR/USD, GBP/USD, and emerging-market pairs as carry trades unwind and global borrowing costs rise.
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1 hour ago
Fed Signals Rate Hike Likely by Year-End; Dollar Strengthens
The Federal Reserve raised rates and signalled another hike is probable before 2025, anchoring a stronger floor under the dollar. EUR/USD faces downside risk as oil prices and risk sentiment dominate near-term direction. BoE expected to hold; BoJ hike tomorrow unlikely to support yen structurally.
https://think.ing.com/articles/fx-daily-as-hawkish-as-it-gets/New to MyTradingLand?
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