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Fed was arguably more hawkish than expected, now seeing four hikes this year, or cumulative 100 bp. In addition, the bank is going to hold press conferences after every meeting, starting January 2019, which could be seen as more opportunity to hike further, provided that the economy maintains current pace. U.S. dollar spiked higher initially but reversed the very next hour, which is telling. We'll see what European traders have to say before heading to pubs and TV screens, as FIFA World Cup star…
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World Cup and Forex Exchange Market
I'm quite surprised that no one has write about the correlation between FIFA World Cup and the Forex Exchange Market as it's the biggest sport event of the year. Usually the host countries benefit most not only by the infrastructure investment in the years prior to the tournament, but also by the inflow in The Brazilian real, which is the Brasil national currency.
You have to convert your local currency to Brazilian Real in order to pay for the goods and services if you visit Brasil for the Worl…
You have to convert your local currency to Brazilian Real in order to pay for the goods and services if you visit Brasil for the Worl…