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The US Dollar makes another comeback – Market wrap for the North American session - September 18
['Elior Manier', 'Market Analyst']
MarketPulse
Log in to today's North American session Market wrap for September 18Today's story was one of a FOMC rate decision that American Markets loved.
Between a comeback in the US Dollar and Nasdaq rallying to new highs, traders loved the atmosphere.
Still, the Dow Jones closed near the same lows seen during the FOMC’s intraday down-wick, a dynamic that will be worth watching in the coming sessions.
The underlying theme is one of a Fed independence that finally wasn't gone too far (for now at least).
Powell’s not-so-dovish speech reassured US investors that the central bank decision-making is still guided by economic fundamentals rather than political pressure.
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