AnalysisMarket OverviewEFFECTS OF INTEREST RATES DECISION IN FINANCIAL MARKET.

EFFECTS OF INTEREST RATES DECISION IN FINANCIAL MARKET.

FED hiked the interest rates by 25 basis points to 5.5%, the previous 5.25%.

ECB hiked interest rates by 25 basis points to 4.25%, previously 4%.

Bank of Japan has kept its interest rates unchanged for the third time consecutively at -0.1%.

Reserve Bank of Australia has kept interest rates unchanged for the first time over the last couple of months at 4.1%, previously 4.1%.

The US dollar remains attractive to investors and has cornered other Jumbo economic currencies over the last couple of months.
USDJPY pair has been on an uptrend since mid-January 2023 from 127.900, now July 2023 142.700.
AUDUSD has been on a downtrend since early February 2023 from 0.71330, now July 2023 0.66200.

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