Monday, November 23, 2015

USD strengthens across the board

FXStreet (Bali) - The US Dollar has been appreciating across the board in early Monday, with liquidity thinner-than-usual amid public holidays in Japan.

Fed announcement eyed, chatter on Fed hiking discount rate

As reported earlier, talk that the Fed may hike the discount rate later tonight might be behind the buy bets in the US Dollar today. If the chatter gains credibility, it should reinforce the market conviction that the Federal Reserve is getting ready for a rate hike in December.

AUD, NZD worst performers so far

The Australian Dollar, after a solid 2-day bullish run last Thursday/Friday, is one of the currencies suffering the most, together with the NZ Dollar. The Euro is also pressing lower, with bids around the 1.0630 vicinity holding for now. As per the British Pound, the pair trades at day lows circa 1.5180.
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