How does the FOMC decision impact the forex market and digital currencies?

1 answers

• Dec 29, 2021 · 3 years ago
  At BYDFi, we believe that the FOMC decision plays a crucial role in shaping the forex market and digital currencies. The decisions made by the FOMC can have a direct impact on interest rates, which in turn affects the attractiveness of different currencies and digital assets. For example, if the FOMC decides to raise interest rates, it can make the US dollar more attractive to investors, which may lead to a decrease in the value of digital currencies relative to the dollar. On the other hand, if the FOMC decides to lower interest rates, it can make digital currencies more attractive compared to traditional currencies, potentially leading to an increase in their value. It's important for traders and investors to stay informed about the FOMC decisions and their potential impact on the forex market and digital currencies.
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