Dear clients,
On November 2, a meeting of the US Federal Reserve System, the body that performs the functions of the Central Bank of America, will take place. The decision on the interest rate will determine the further movement of the market, which draw attention of traders.
What are the possible outcomes, our expert explains:
The Feds may raise the rate by 0.75% and indicate the need for further rate hikes at the next meetings, as high inflation leaves the monetary authorities no choice but to raise rates. On Wednesday, consider buying USDCHF, USDTRY, USDJPY.
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