The US dollar gained against all its major peers yesterday following the FOMC decision. The Committee decided to stand pat as was widely expected and made almost no changes to the accompanying statement, keeping the door open for a rate increase at its upcoming gathering. As for today, pound-traders are likely to turn their attention to the 1st estimate of the UK GDP for Q3.
FED OFFICIALS KEEP DOOR WIDE OPEN FOR A DEC. RATE HIKE
The dollar traded higher against all the other G10 currencies yesterday. The main losers were NZD, EUR and GBP in that order, while the currencies that underperformed the least were JPY and SEK.
The main event yesterday was the FOMC decision. The Fed decided to keep interest rates unchanged within the 2.00-2.25% range as was widely expected, while officials made almost no changes in the accompanying statement. The only change was that this time, officials noted that business investment has...
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