Interest Rates and Forex Prices: Will the Fed’s Decision Boost the USD?

Let’s Talk Forex with Alison and Chris

Mar 20 2024 • 14 mins

This week Alison and Chris preview a week full of interest rate decisions from some of the most important central banks in the world. But the focus is on the US Federal Reserve’s meeting on 20th March 2024 - there’s almost zero chance of a rate cut, but what will the Fed’s forward guidance mean for the EUR/USD and other major pairs? And will it restore some much-needed volatility to the market?

Links as promised: Why are Forex trading volumes so low?: https://fxscouts.com/news/why-are-forex-trading-volumes-falling-in-2024-and-why-is-it-all-the-feds-fault/ Stay on top of central bank decisions with our economic calendar: https://fxscouts.com/economic-calendar/ Our episode on fundamental analysis: https://open.spotify.com/episode/7uEAJytIZAsJsrtat3zyxr?si=98e5b6cf893640b6

FxScouts DISCLAIMER:

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.