Attention: USD May Fluctuate Due to FED Resolution

WikiFX News (10 June)-The Federal Reserves interest rate decision to be announced at 18:00 GMT on Wednesday may expose dollar-linked currency pairs such as EUR/USD, GBP/USD, USD/JPY, USD/CAD and AUD/USD to an above-average level risk of price fluctuations. WikiFX reminds investors to pay attention to risks when trading USD.

The Fed‘s interest rate resolution has triggered sharp fluctuation of the US dollar in the past. The transaction data of the EUR/USD, GBP/USD, USD/JPY, USD/CAD and AUD/USD since 2008 shows that the USD volatility before and after the Fed’s interest rate is sharper than usual. Therefore, foreign exchange investors should remain highly vigilant when the Feds resolution is made.

The Fed resolution is an important catalyst for fluctuations in the price of the US dollar. Forex investors should fully consider implementing strict risk management techniques when trading US dollars before and after the Fed interest rate resolution, such as tightening stop-loss level (up/down adjustments to stop loss) or reducing the size of positions.

The above information is provided by WikiFX, a world-renowned foreign exchange information query provider. For more information, please download:

https://go.onelink.me/app/WikiFXGooglePlay2