According to the FOMC minutes meeting on Wednesday, Federal Reserve officials see rose U.S. economic growth and rose inflation in the middle term and rising to target at 2% so FED will continue to raise interest rates gradually. Investor think FED may increase interest rate 3 times in 2018 and may raise interest rate at the next meeting in March. As the result, greenback was firm on Thursday. In contrast, gold price drop lower by firmer dollar. Oil price also edge lower after dollar was rising.
The steady dollar also declines the U.S. stock market which affect to world shares. Frankfurt stock market may wait to see GDP fourth quarter of German at 14.00 p.m. which may support market hold steady. Euro may hold steady, if core CPI and CPI of EU at 17.00 p.m. reach the expectation. Moreover, Canadian dollar also may hold steady by better CPI in January at 20.30 p.m. I think U.S. dollar may try to rise back after falling almost 3-year low.
Bangkok Bank closed Thai company’s account TDAX after Bank of Thailand asked for the corporation of cryptocurrency in Thailand. While the head of South Korea's financial control department has confirmed that the government will support the Cryptocurrency sales and also encourages banks transactions so it breaks the ban rumors last month.
By Niramon Nitnitiphruet
Financial analyst, Olymp Trade.