Forex Moves as Banks Hike Rates

EUR/USD

U.S. Dollar Index

Inflation

Global Forex markets have recently seen a number of changes as central banks from Tokyo to Washington D.C. have been frantically trying to adjust their monetary policies to the shifting sands of economic turbulence. How are currency traders responding as the Federal Reserve appears to be on pace to announce yet another increase in the high-interest rate?

Forex changes prior to the FED meeting

USD is increasing.

The U.S. Dollar Index (DX), which compares the world’s reserve currency to a basket of ten other currencies, has been gaining in recent days, with a more than 1% increase since Sunday as of the time of writing.

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