Preemptive Rate Hike Threats Driving the US Dollar: Forex News by DailyFX

Forex News by DailyFX

Published on Oct 11, 2016

In this webinar, we used price action to look at macro markets after an outsized move in the Greenback last week. This move was very much driven by Fed commentary that alluded to the fact that the bank may be looking to hike rates despite inflation remaining tame in order to avoid 'getting caught behind the curve.'

This has created reverberations across markets, with Gold crashing lower. Also of interest, we've seen the British Pound put in an aggressive drop, and we addressed this as well.

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