Investing.com – Global markets rose to 1.66% while waiting for tonight’s FOMC meeting, hitting the highest level after February 6, 2020, and surpassing 2.41% to the highest post January 2020. While the DXY approached the level of 92.0 with the rise in interest rates, the dollar effect increased in parities.
While it was traded at 1.890, 0.7715 and 109.23 in the last hour, the increase in developing countries’ currencies accelerated as of the last hour and the highest loss was experienced in rubles with 1.3%. US President Biden’s approval of the murderer statement for Putin and his harsh statement was effective in the decline.
The exchange rate, which is traded in the range of 7.50-7.48 during the day, rose to 7.53 in the last hour.
With both the increase in bond yields and Biden’s statements, the stock markets also turned their direction down. While falling to 1.565 points in the last hour of the day, which broke a record, the color turned to red in Europe.
Following the interest rate decision to be announced at 21:00, Fed Chairman Powell’s statements will be on the radar of the markets.
Author: Necdet Erginsoy
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