What just happened to the market yesterday?
US Fed just raised interest rates. Now things are get interesting for EUR/USD.
Federal Reserve Raises Interest Rate: Where’s The EUR/USD Going From Here?
After the Federal Reserve raised US interest rates by 25 basis points to 1% on Wednesday, the USD dropped versus its major counterpart, the euro, and was trading at 1.071 (-0.25%) at 09:10 GMT.
However, in her press conference, Federal Chair Janet Yellen was less hawkish than expected, stating that the outlook for the economy is still uncertain.
What’s next, will the EUR/USD currency pair continue to fall in today’s trading session? If you think it will go up, click the “BUY” button, or click the “SELL” button if you think it will continue to go down.
How to start trading?
- Log in to your Fortrade Account using your email (username) and password.
- Search for the tradable instrument inside the platform.
- Click BUY or SELL to open a trading position.