Dollar recovers from the FOMC slump as Sterling and Euro falter

On Friday, the dollar is staging a fast recovery from the FOMC slump. The broad USD strength forced Sterling and Euro downside as the week draws to an end. Meanwhile, the happens despite the loss of momentum on the treasury yield. On Thursday, the FOMC came all dovish and the dollar slumped as a result. […]

Daily Market Analysis: near zero Fed rates plan supports the Dollar

The dollar jumped by 0.7% on Wednesday after the US Federal Reserve concluded its two-day monetary policy meeting with major focus on keeping the interest rate near zero until 2023. Here is today’s daily market analysis The US Central Bank is unrelenting in its effort to support its economy following the Coronavirus hit. After injecting […]