The Federal Reserve expectedly announced no change to the Federal Funds rate, but a dissenting Fed official and waning inflation sent the US Dollar lower and stocks higher as rate cut odds soared.
While risk markets have come back to life in the month of June, the anti-risk Yen has continued to be bid. Is this highlighting a harboring theme of risk aversion that may soon return?
The Federal Reserve's FOMC looks set to spark volatility in the US Dollar on Wednesday following the central bank's latest monetary policy update.
Gold prices have set a clear weekly opening-rang just below the yearly highs heading into the FOMC. Here are the levels that matter on the XAU/USD charts this week.
The June Fed meeting will conclude today at 18:00 GMT with Fed Chair Jerome Powell’s press conference starting at 18:30 GMT.