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: Bitcoin Excites Investors Despite the Fed's Hawkish Shift🏛️
BREAKING: US industrial production & manufacturing data lower than expected
Yen loses ground after the BoJ decision
Hawkish remarks by BOJ Governor strengthen the yen – key takeaways