Today will be held the publication of the Fed's decision on interest rates. It is expected that interest rates will be increased by 0.25% and amount to 1.75%. Yesterday during the American session the reserve currency rose against major pairs. However, at the end of the US session the dollar began to decline. Thus the EUR/USD pair has overcome more than 40 pips since the beginning of today's session. The Dow finished the session yesterday almost there where it began, but the dollar index rose above 90.00 and then retreated from this mark.
Furthermore, today the publication of the decision on the interest rate of the Reserve Bank of New Zealand will take place, which is projected to remain unchanged at 1.75%.
Energy prices continued to rise against the backdrop of political tension. After the harsh statements of Donald Trump about a possible break of the nuclear deal with Iran, oil prices began to rise, as the market could lose quite a large supplier, in case of imposing new sanctions on Iran. There is also a tension between Iran and Saudi Arabia, which certainly is also putting pressure on share prices.
For four days cryptocurrencies have been trying to win back the lost earlier position, since previously Bitcoin was able to play at the price of more than $1,200 and is currently trading above $9,000.
