Forex Today: The dollar wins again – by ValBednarik EURUSD XAUUSD Fed BOE
The dollar finished Wednesday higher across the FX board following a volatile American session. The US Federal Reserve was behind the wild moves, as the central bank delivered as expected, butThe central bank pulled the trigger by 75 basis points, and the accompanying statement suggested policymakers would soon slow the pace of QT.
Meanwhile, speculation that China could ease its zero-covid policy was erased after the country announced a new lockdown, this particular one, involving the area around the world's largest iPhone factory, spurred concerns at the beginning of the day. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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