Tradelines News

Get the latest news and updates on cross-border customs and international trade.

FX Update, Thursday March, 2017

Posted March 16, 2017

Under Economic Issues

The USD dropped nearly 1.5 % after the Federal Reserve increased interest rates yesterday from 0.75 - 1 %. The overall tone of the statement was seen as less hawkish than expected. The central bank's prediction this year will be three rate hikes, whereas traders were hoping for four.

Update Courtesy of: Johny Nusbaum | Foreign Currency Trader | Aloris Mercantile Corp | Toll Free: 1-800-298-1231