Daily Market Analysis from NordFX in Fundamental_zQ2SMLl Daily Market Analysis from NordFX in Fundamental_kXTaon5 Daily Market Analysis from NordFX in Fundamental_oziZt4m Forex and Cryptocurrency Forecast for March 21 – 25, 2022
EUR/USD: Has the Market Gone Crazy?
What happened in the market after the US Federal Reserve meeting can be called "the theater of the absurd". As expected, the regulator raised the key interest rate from 0.25% to 0.5% on Wednesday, March 16, for the first time since 2018. As expected, the dollar began to strengthen after that. But what no one expected was that the strengthening will last only about an hour and will amount to some 50 points. After that, it will be not the American, but the European currency that will begin to grow. As a result, the EUR/USD pair will fix a weekly high at 1.1137 the next day.
Everything that happened was completely contrary […]