Federal Reserve Press Conference
FOMC Press Conference

Wednesday, January 29

Impact of the news:

The Federal Reserve's decisions and the tone of the press conference can affect the value of the dollar against other currencies.

If the Federal Reserve signals contractionary policies and increases interest rates, the dollar usually strengthens, which is considered a negative signal for trading symbols against the dollar.

However, if signals of interest rate cuts or easing policies or concerns about the economic situation are given, it may lead to a weakening of the dollar, which is considered a positive signal for trading symbols against the dollar.

In addition, unexpected or frank answers in the question and answer section can cause severe fluctuations in the currency market and change the direction of the dollar's movement.