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USD Surges to Highest Levels in Two Weeks as Federal Reserve Hikes Interest Rates

December, 15 2016
watermark Economic news

The USD surged to its highest levels in almost two weeks after the FOMC finally decided to increase its interest rates, with the funds target rate increasing by up to 25 bps. The central bank also opened its doors for a possibility of a total of three interest rate hikes this coming 2017, and while this is currently seen as a hawkish move on the part of the central bank, foreign exchange transactions exhibited less activity than what was initially expected during the trading hours following the said decision by the Federal Open Market Committee or the FOMC.


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Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.