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Despite the Fed’s updated dot plot last week signaling that two more rate hikes may be on the cards, market participants are finding it hard to believe it. Fed Chair Powell did not convince them either when he held the press conference following the decision. However, he is being given another opportunity to pass his message this week as he is testifying before Congress on Wednesday and Thursday at 14:00 GMT.
The USD/CAD hit a low of nearly 1.31770 on Friday of last week, this came after highs of nearly 1.33525 were seen on Wednesday of last week.
The crypto market is stronger today on the back of new innovations introduced by certain networks. Global finance is still exerting a level of pressure on the market too.
The greenback, when tracked by the USD Index (DXY), maintains the bid bias well and sound in the 103.60 region at the end of the week. USD Index now l
4:07pm: Disney and Boeing among those hindering the Dow The Dow closed Thursday down 286 points, 0.9%, at 33,128, the Nasdaq Composite fell 59 points, 0.5%,...