After trimming its rates in December, the Federal Reserve is anticipated to maintain steady interest rates come January.
However, this doesn’t rule out the potential for some up-and-down movements! Our Event Guide for the upcoming January FOMC Decision suggests that the Fed might hint at further rate reductions, which could keep the pressure on USD values.
Here’s why we’re paying close attention to the EUR/USD and USD/CHF trends if Chairman Powell and his team lean towards a more dovish approach than anticipated:
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