Free Sign Up Already have an account? Fibo forex indonesia broker watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. The Federal Reserve raised interest rates by a quarter point on Wednesday, its second rate hike this year, and signalled a faster pace of rate hikes this year.
Gold prices inched higher on dollar weakness but gains were limited by expectations the Federal Reserve will hike rates for the second time this year at 2PM ET. Gold prices were little changed in midmorning trade on Wednesday as traders looked ahead to the Federal Reserve’s policy decision. USD smashed into the ground after it hit a critical resistance level at 19851. The dramatic fall from its record high is often considered as the burst of the bubble. 2018 wasn’t the year of the euro. Both bulls and bears can’t make up their minds whether to buy or sell it.
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