Analysis: Federal Reserve’s Rate Path Warrants More FX Volatility
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Analysis: Federal Reserve’s Rate Path Warrants More FX Volatility
The US Federal Reserve has increased interest rates at the regular meeting of the FOMC yesterday. The decision was widely expected by the markets, but it was the statement and Chair Yellen’s press conference that broadly affected FX volatility.
After the release of the news that the Fed is planning to increase rates three times next year and three times in 2018, the US dollar has sharply taken off. The greenback has rallied against pretty much every other major currency.
Come Janet Yellen’s press conference, the EUR/USD was already flirting with 1.0570. After the sharp increase in ... (read more)
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