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Fed hawkish statement pushed dollar high
statement pushed dollar high
The FOMC has
released its statement on yesterday evening, and its president Janet Yellen
announced that the U.S economic activity has been expending, and the labor
market conditions have improved. Signaling that the Fed is expected to hike its
interest rates soon this year. However she also stressed that the bank should
continue to monitor the inflation developments as the U.S central bank has set
its main target inflation at 2 %.
the positive comments have pushed the U.S dollar to recover significantly
against the Euro and other major currencies. In addition the divergence between
the Fed and the European central banks will favor the
For today, the Dollar remains
largely supported after strong U.S.
jobless claims data.