Dollar waits for Fed rate decision, Lira crumbles

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The major event risk across financial markets today will be Federal Reserve policy meeting, which is widely expected to conclude with key US interest rates being hiked by 25 basis points.

With a rate hike in June considered a done deal, investors may be more concerned with the economic projections and press conference  with Fed Chair, Jerome Powell. Markets are poised to closely scrutinize the Fed’s monetary policy statement for clues on how fast the Fed may raise interest rates during the second half of this year. With inflation jumping to a six-year high in May and the US economic… Read More

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