7:02 PM · 2 November 2022

💲USD drops after Fed hikes by 75 basis points

Fed announced a monetary policy decision at 6:00 pm GMT. The US central bank delivered another 75 basis point rate hike, putting Fed funds rate in the 3.75-4.00% range. Decision was in-line with market expectations. Fed said in a statement that hikes are needed until rates are sufficiently restrictive.

Decision was dovish, judging by the initial reaction of the market - the US dollar dropped while equity indices moved higher. Gold moved higher on USD weakness.

Market attention now turns to the press conference of Fed Chair Jerome Powell that is scheduled to begin at 6:30 pm GMT. We will provide live coverage of the presser in the 'News' section on xStation platform!

EURUSD spiked to a daily high following Fed rate decision. Source: xStation5

26 May 2026, 7:02 PM

ملخص اليوم: قطاع أشباه الموصلات يدعم معنويات ناسداك رغم ارتفاع أسعار النفط؛ ومؤشر داو جونز الصناعي يتخلف عن الركب

26 May 2026, 4:50 PM

Russia is losing the war for the oil market

26 May 2026, 3:28 PM

BREAKING: US100 jumps above 30,000 points amid euphoria on semiconductor stocks📈

26 May 2026, 2:48 PM

US Open: Wall Street continue to rise despite US - Iran tensions 📈 Micron Technology rises 10%

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits