Daily News | Indecision surrounding Fed interest rates

Welcome once again to another week of trading excitement! We have plenty of new and exciting things to show you, so you better be ready and keep up if you want to make the most of the day on the currency market! We start this Monday off by talking about the Japanese yen. From Thursday to Friday, the currency rose from $0.00890 to $0.00892. The Nikkei share average went down after reaching a two-year high on Friday after North Korea threatened once again. This time, they promise to test a hydrogen bomb, which has increased tensions between the rogue nation and the United States and its allies. It did, however, mark its second straight week of gains, with the Nikkei only slipping 0.3% to 20,296.45, with the Topix falling 0.3% to 1,664.61. We will continue to keep you in the loop, but let us now turn to the US dollar. In the same period, the USD fell from €0.8369 to €0.8354. Word of the day there is indecision, especially when it comes to Fed interest rates. Policymakers keep debating over whether a recent slower price increases can be overlooked, or something that could permanently change the Fed’s earlier estimates. We will see whether or not Fed interest rates change any time soon, so be sure to keep following our news for the latest developments!

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Author: Max Rothstein

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