USD gains as Fed delivers a rate hike

19:19 13 June 2018
Federal Reserve raised interest rates by 25 basis points. The dot-plot published along with the decision suggests that the US central bankers expect a total of four hikes to be made throughout 2018 instead of 3. As a result EURUSD slumped erasing almost whole intraday gain. Investors attention now turns to the Jerome Powell presser (start at 7:30 pm BST).

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