XAUUSD (INTEREST RATE DECISION)
Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.
A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD.
A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD.
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