Now: Dollar Momentum Continue
Now: Dollar Momentum Continues
Dollar momentum continue as panic still lingering in the markets. The panic and fear from the decision that will be taken by the FED tonight as everyone is expecting the rate will be hike today. The main question is how high the hike will be. Some speculate that the hike will be as high as 75-basis points but so far FED still maintain the status of 50-basis points hike.
Either way the affect of the too much rate hike that scare the markets. If the tightening is too aggressive, it will constraint the current growth of the economy or if worst it will plunge the economy back into recessions. Although policy makers state that the economy should be resilient enough to damper the shock and all the fears is nothing more than markets overreacts.
15 June 2022