The Dollar may gains against the Euro after Fed interest rates hike

It was widely expecting the action of Fed with the hike of interest rates. United States key interest rates are at 1.50% as that action showed some losses of the Dollar with about 70-80 pips against the Euro. But the losses of the dollar were temporary and the exchange rate recovered to 1.1750. As overall during the last business week Euro/Dollar trading is in neutral direction. expects to see some new gains of the Dollar in the coming week. The trading strategy is to open short positions with target at 1.1670.

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