Following a two-day meeting at 22:00 (+3 GMT) on January 29, a decision will be made on the interest rate of the Fed (federal funds target rate).
The press conference of Fed Chairman Jerome Powell is expected at 22:30 (+3 GMT).
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Against the background of the Chinese coronavirus factor that appeared a week earlier, the American dollar received support due to the massive exodus of investors from risky assets around the world. The protective function of the US dollar is increasing, causing pressure on emerging markets. Maybe partly because of the strong dollar and the lack of inflation, Donald Trump again on his Twitter calls on the Federal Reserve to lower the interest rate.
However, everyone understands that the unforeseen factor of the virus will restrain the leadership of the Central Bank from making hasty decisions.
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Thus, today we expect the key rate to remain unchanged and soft rhetoric from Jerome Powell.
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Also, despite a pause in the softening of the DCT at the moment, a surge in trading activity is expected across a wide range of currency pairs. Expanse and potential profit for intraday traders. Mostly in strategies to buy the US dollar.
#coronavirus #interestrate #Fed #trump #usa #dollar #currencypairs #trader #forex
The press conference of Fed Chairman Jerome Powell is expected at 22:30 (+3 GMT).
=======
Against the background of the Chinese coronavirus factor that appeared a week earlier, the American dollar received support due to the massive exodus of investors from risky assets around the world. The protective function of the US dollar is increasing, causing pressure on emerging markets. Maybe partly because of the strong dollar and the lack of inflation, Donald Trump again on his Twitter calls on the Federal Reserve to lower the interest rate.
However, everyone understands that the unforeseen factor of the virus will restrain the leadership of the Central Bank from making hasty decisions.
=======
Thus, today we expect the key rate to remain unchanged and soft rhetoric from Jerome Powell.
=======
Also, despite a pause in the softening of the DCT at the moment, a surge in trading activity is expected across a wide range of currency pairs. Expanse and potential profit for intraday traders. Mostly in strategies to buy the US dollar.
#coronavirus #interestrate #Fed #trump #usa #dollar #currencypairs #trader #forex