In Wednesday's session, trends in the AUD/USD recovered above 0.6600 from 0.6585 during Chair Powell's presser.
Blogs
USD/JPY slides into 146.00 after Fed holds rates, Powell leaves the door open for rate cuts
The USD/JPY rebounded in rough chart action after the Federal Reserve (Fed) left rates unchanged with additional cautionary concerns about needing the economic outlook to be more certain and better indicators that US inflation will fall to and stay at 2% moving forward.
Powell speech: Unexpected weakening in labor market would make us cut rates sooner
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
Powell speech: We are managing risks of moving too soon vs moving too late
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
Mexican Peso retreats post-Fed decision amid risk-averse markets
The Mexican Peso (MXN) weakens against the US Dollar (USD) on Wednesday and posts losses of more than 0.10% as risk aversion drives the financial markets ahead of the US Federal Reserve’s (Fed) monetary policy decision.
Powell speech: We need greater confidence that inflation is moving sustainably down
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
Powell speech: Will likely be appropriate to begin reducing rates sometime this year
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
Powell speech: Risks to achieving goals moving into better balance
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% and responds to questions in the post-meeting press conference.
GBP/USD stabilizes post Fed decision, traders eye Powell
The GBP/USD is virtually unchanged in the mid-North American session, as the Federal Reserve (Fed) decided to keep rates unchanged, while pouring cold water on rate cut speculations.
Gold Price Forecast: XAU/USD fluctuates as Fed’s pushes back on rate cuts
Gold price trims earlier gains and retreats after the US Federal Reserve decided to keep rates unchanged while pushing back against speculation of rate cuts.