Tuesday , 1 October 2024
Home Forex Forex Today: US Dollar struggles to rebound as markets assess Fed announcements
Forex

Forex Today: US Dollar struggles to rebound as markets assess Fed announcements

Here is what you need to know on Thursday, May 2: The US Dollar (USD) suffered large losses against its major rivals in the late American session on Wednesday as the Federal Reserve’s (Fed) statement language and Chairman Jerome Powell’s comments turned out to be not as hawkish as feared.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Deutsche see ECB cutting rates in October with potential for a 50 bps move in December

Deutsche is the latest to revise their call and sees the ECB...

What are the main events for today?

In the European session the main event will be the release of...

Eurostoxx futures +0.2% in early European trading

German DAX futures +0.2%UK FTSE futures +0.2%European indices ended September trading on...

FX option expiries for 1 October 10am New York cut

There is just one to take note of on the day, as...