Mexican Peso (MXN) weakened against the US Dollar (USD) early during the North American session on Wednesday, with traders bracing for the release of the US Federal Reserve’s (Fed) monetary policy decision.
Blogs
Powell speech: Full effects of tightening likely not yet felt
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.
Canadian Dollar climbs into new weekly highs as Fed sees rate cuts in 2024
The Canadian Dollar (CAD) is moderately bid on Wednesday, gaining support from a thin but noticeable relief rally in Crude Oil markets.
US Dollar dives after Fed's decision, 3 rate cuts signalled for 2024
The US Dollar (USD) Index holds steady around 103.8 on Wednesday, consolidating its position as investors weigh the data on November's Headline and Core Producer Price Index (PPI), which came in lower than expected.
Gold Price Forecast: XAU/USD skyrockets as the Fed signals end of a tightening cycle
Gold price rallied sharply as the Federal Reserve held rates, showing they finished their tightening cycle.
EUR/USD jumps after Fed’s decision, breaks above 1.0850
The EUR/USD pair jumped from 1.0785 to around 1.0850 following the Federal Reserve's decision to keep interest rates unchanged.
GBP/USD rallies back over 1.2600 after Fed slashes rate outlook, sees 75 basis points of rate cuts in 2024
The GBP/USD rallied back into 1.2580 on reaction to the Federal Reserve’s (Fed) rate outlook for 2024.
Argentina Consumer Price Index (MoM): 12.8% (November) vs 8.6%
Argentina Consumer Price Index (MoM): 12.8% (November) vs 8.6%
Fed Statement comparison: December vs November
November 1December 13, 2023 Recent indicators suggest that growth of economic activity expanded at ahas slowed from its strong pace in the third quarter.
United States Fed Interest Rate Decision in line with forecasts (5.5%)
United States Fed Interest Rate Decision in line with forecasts (5.5%)