The Fed did not change interest rates at its December meeting but more importantly no single FOMC member saw a cut in 2020 and 2021 so the bar for such decision could be really high. That’s supportive for the dollar we are also seeing a modest decline on Gold. Keep in mind that J.Powell will start his post-meeting conference in less than 30 minutes.
Daily Summary: Wall Street ends the week with a calm gain 🗽 Cryptocurrencies slide
BREAKING: US PCE inflation in line with expectations 🔎UoM prelim data slightly higher
BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉
DE40: Adequate data, Mild growth