Where are we after the FED
Skerdian Meta • 1 min read
The FED held their scheduled monthly meeting yesterday. The market, including myself, was expecting to see some more hawkish comments comparing to the March FOMC statement. But that didn´t happen; while they eased their concerns about the global situation, they offered little hope for a June rate hike. That sent the USD 50-100 pips down after an initial surge.
EUR/USD is about 50 pips higher after an initial wobble right after the statement was released