The financial markets are unsteady ahead of the Fed meeting and the end of Twist policy
The US Dollar lost its strength waiting for the FED meeting
The US Dollar witnessed a sharp decrease against the major currencies and the Japanese Yen before today’s fed meeting that will announce the expected US economic growth and the interest rate decision.
On the other hand, the Euro takes the opportunity to cover some of losses against the US Dollar, but the single currency remains trading near its lowest level during 2weeks against the Japanese Yen.
Concerning the AUD, it decreased further against the US Dollar and the major currencies after the release of negative data concerning the Australian business confidence that have worsened last month and retreated to its lowest level since 2009.
While the investors are waiting the Interest rate decisions, The Gold futures edged high and has benefited from the weak dollar during the trading of this morning.
So will the Fed keeps its monitory policy , along with the investors wait for the interest rate decision of the U.S. Federal Bank for the current month , Will the Bank remain on monetary policy or will change it ? will the Fed president use new tools to support the economic growth and the labor sector ?Or he would prefer to use these tools next year?
In addition, the Twist program is scheduled to expire this month, so we wait what the U.S. Federal Bank will decide and are there any alternatives??