Learn how central banks like the Fed, ECB, and BoJ influence Forex markets. Discover their tools, interest rate policies, interventions, and tips for traders.
The U.S. dollar strengthened today following hawkish signals from the Federal Reserve, putting pressure on the euro and British pound. The EUR/USD pair fell to 1.0950, and the GBP/USD pair dropped to 1.2750 amid concerns about the economic outlook and diverging monetary policies.