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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

USD Surges to Highest Levels in Two Weeks as Federal Reserve Hikes Interest Rates

December, 15 2016
watermark Economic news

The USD surged to its highest levels in almost two weeks after the FOMC finally decided to increase its interest rates, with the funds target rate increasing by up to 25 bps. The central bank also opened its doors for a possibility of a total of three interest rate hikes this coming 2017, and while this is currently seen as a hawkish move on the part of the central bank, foreign exchange transactions exhibited less activity than what was initially expected during the trading hours following the said decision by the Federal Open Market Committee or the FOMC.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.