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Dollar performance diverged after the Federal Reserve announcement

2019-04-11 11:49 am | Resource: الاخبار | No Views : 153

 Dollar performance diverged after the Federal Reserve announcement

The US dollar traded against its major counterparts a day after the Federal Reserve minutes were announced

The FOMC does not see any price increase in 2019

A clear majority in the FOMC wants to change interest rates in 2019, according to the March 19-20 meeting minutes released on Wednesday. Most central bankers defend patience in monetary policy.

Some participants noted considerable uncertainty with regard to international trade and Brixet, while the risks of slowdown in the economy declined. Some policymakers said the economy could recover by the end of the year, justifying a rate hike. Some participants cautioned that monetary policy "can be reversed in either direction."

Members of the Board said whether the weaknesses observed in the first quarter of this year could affect the second situation would need time to assess them.

Powell meets with Democrats amid concerns of independence

Federal Reserve Chairman Jerome Powell will attend later on Thursday the annual policy review organized by the Democratic Party and discuss issues such as labor market, inequality, trade and the effects of tax cuts.

Democrats called on Powell for talks as the Fed faces an audit by US President Donald Trump and his administration. Trump nominated his former assistant Stephen Moore and businessman Herman Caen for two vacant seats in the Federal Reserve, which was seen as a way to try to influence him to follow his descriptions. "I personally am deeply concerned about the overall independence of the Federal Reserve and the independence of its members," said House Majority Leader Steny Hoyer.

The administration criticized the Federal Reserve's decision to raise interest rates last year and recently called for a 50 basis point cut to support the economy. Trump claimed that the tightening of monetary policy last year curbed economic growth.

The US dollar traded against the major currencies

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Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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