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USD better bid after FOMC hike but it’s it not soaring up

ByMike Paterson

Dec 16, 2015

FOMC hike rates by +0.25% and USD demand immediately seen
GBPUSD tumbled to 1.4957 before recovering  to 1.5000 then dipping again to 1.4985 as I type
USDJPY rising to 122.10 and EURUSD dipping to 1.0890 before recovering to 1.0907

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  2. German Two-Year Bond Yields Hit New Record Low of Minus 0.457 Percent – Tradeweb
  3. S.africa’s Cbank Statement: Headline Cpi Now expected to Average 6.8 Pct in 2016 from 6.0 Pct Seen in November
  4. European stock markets mid session: stocks traded lower on uncertainty over Britain’s membership in the EU

By Mike Paterson

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