On and off we go again - Forex News by FX Leaders

On and off we go again

Posted Thursday, May 19, 2016 by
Skerdian Meta • 1 min read

Yesterday the FED FOMC minutes showed that a June rate hike is on the table if the economic data supports it. That´s a huge turnaround after we have heard the last two dovish reports. The US Dollar enjoyed some good demand yesterday evening after the minutes were published, gaining about 70 pips. This has been the story in more than a year, a rate hike hint and everyone gets excited, a dovish statement and everyone panics. 

EUR/USD lost about 70 pips right after the minutes were published

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