the FOMC (Federal Open Market Committee) holds eight regularly scheduled meetings during the year and announces US Federal Reserve’s decision on interest rates.
The next Fed interest rate decision announcement is scheduled on this Wednesday, June 13th at 6pm GMT and is likely to cause high volatility on market.
Leading FreshForex analyst has commented on it as follows:
“May inflation in USA reached the rate of 2.8%, which is the highest since March 2012. This is highly likely to make Fed to raise the rate by 0,25% — Chicago Futures Exchange indicates 98% possibility of this happening. This exchange has never been wrong before. For this reason, emerging markets currencies will be on sale. On Wednesday consider buying USDZAR, USDPLN, USDILS, USDMXN.”
Monitor closely the situation on market together with Fresh Forecasts and earn on the key economic events!