24 November 2022 | Other

Dollar falls as risk sentiment rises after Fed minutes

The U.S. dollar fell significantly on Thursday. This is because investors, convinced of the prospect of slower interest rate hikes by the Fed, began to bet on riskier assets.

Recently, the long-awaited results of the November 1-2 Fed meeting were announced. They indicate that officials were content to move to a less aggressive policy stance, Reuters reports.

Carol Kong, a currency strategist at Commonwealth Bank of Australia (CBA), noted that it is now almost certain that the FOMC will slow the pace of policy tightening from December. At the same time, the CBA expert warned that the markets are overly optimistic about the possibility of an imminent end to the tightening cycle. She also stressed that the U.S. dollar still has a strong support because of China's Zero-COVID policy.

U.S. markets will be closed on Thursday due to the Thanksgiving holiday, and liquidity is likely to be lower than usual.

Company MarketCheese
Period: 11.07.2025 Expectation: 920 pips
GBPUSD falls as UK GDP unexpectedly shrinks
11 July 2025 30
Brent sell
Period: 17.07.2025 Expectation: 150 pips
OPEC's gloomy forecast drags Brent crude prices lower
11 July 2025 49
Period: 17.07.2025 Expectation: 26000 pips
Institutional investor demand could push ETHUSD to 3,000
10 July 2025 65
Period: 16.07.2025 Expectation: 2000 pips
USDJPY prepares to retest 148 Level
10 July 2025 54
Period: 16.07.2025 Expectation: 900 pips
NVIDIA shares rise amid global AI infrastructure investments
09 July 2025 88
Period: 15.07.2025 Expectation: 800 pips
Breaking downtrend could push USDCAD to 1.375
09 July 2025 58
Go to forecasts