Fed Update Drives Dollar Down and Gold Up, SNB and BOE in Focus Today

Thursday, 21 March 2024, 03:57

Following the FOMC meeting, the Fed's dovish stance increased expectations of a rate cut, causing the dollar to drop and gold to reach record highs. Market reactions continue with softer dollar trends and equities staying strong. The central bank attention shifts to SNB and BOE announcements later today, adding more to the market movements.
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Fed Update Drives Dollar Down and Gold Up, SNB and BOE in Focus Today

Fed Update Impact:

After the FOMC meeting, the Fed's dovish ton...

Market Reactions:

  • The dollar fell as risk trades soared.
  • Gold surged to a record high.
  • USD/JPY trimmed gains, while EUR/USD and GBP/USD rose.
  • S&P 500 and Nasdaq futures rose on lower Treasury yields.

Central Bank Focus:

SNB and BOE expected to make announcements later today, potentially impacting markets.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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