OANDA Market Beat Podcast

Dollar Stronger as Brexit and Global Growth Concerns Rise


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The US dollar is mixed across the board against major pairs on Friday.
The greenback was left reeling after the U.S. Federal Reserve kept rates unchanged and did not anticipate a rate hike in 2019 on Wednesday.
The dollar's quick rebound on Thursday was based on two factors: interest rate differentials and
growing concerns about UK and European growth.
Despite the dovish statement form the Fed, US growth marches ahead of the pack and continues to be a driver of dollar strength.
Brexit uncertainty is fuelling a rise in safe haven demand
as investors try to assess the damage a potential no-deal exit could have
not only the UK and EU economies but the global implications.
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OANDA Market Beat PodcastBy OANDA