Will the Fed hike interest rates in June?
May 20th 2015
The U.S Dollar has continued its gains, while the Euro declined and the European equities opened lower on Wednesday trading session. Today the markets await the Federal Reserve meeting minutes for more clues about the timing of the interest rates hike, which is dependent the U.S economic data. In fact the divergence between the ECB and the Fed policy is driving the Euro dollar prices, and if the FOMC decides to raise the interest rates on June, it will push the Dollar to recover further, while the massive quantitative easing (QE) program which was launched recently by the European Central Bank has put the Euro under pressure.