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Despite recent turmoil in the banking industry, the Federal Reserve on Wednesday announced that is has decided to continue raising interest rates. The Fed said it has decided to raise the target range for the federal funds rate by another 25 basis points to 4.75 to 5.0 percent.

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EUR/USD will be dancing to the US dollar’s tune next week with Fed chair Powell’s Semi-Annual Testimony to the US Senate’s Banking Committee and the delayed US Jobs Report the highlights.

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The Dollar Index enjoyed a stellar week as US data saw further increases in peak rate expectations. Can the momentum continue?
The H4 intra-day price is located far above 200 SMA in the bullish area of the chart. The price is trying to break resistance at 105.27 for the primary bullish trend to be continuing.

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The wage price index in Australia was up a seasonally adjusted 0.8 percent on quarter in the fourth quarter of 2022, the Australia Bureau of Statistics said on Wednesday.

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Dollar Index rallied higher this week as Fed hawks and US data put the Dollar back on top. Can the rally continue?

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