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The US Dollar surged alongside Wall Streetrsquos futures with the news, as the figures spooked the ghost of a recession while still supporting a Fed rate cut in September. View SR levels for forex, commodities and indices Stay on top of company updates, trading news, and so much more! Stock Daily Updates News and trade ideas The exchange rate is calculated as the weighted average rate of the registered spot trades in the interbank foreign exchange market during the trading session within the trading platforms. The USD experienced widespread selling, with notable declines against currencies like JPY, EUR, and commodity dollars. Equities, particularly tech stocks, surged to record highs amid expectations that the Fed would adopt a more dovish stance, sending the NASDAQ and SP 500 to new record highs. Contrary to market expectations, the Federal Open Market Committee (FOMC) revealed a dot plot indicating only one rate cut this year, whereas markets had priced in two cuts following the CPI disappointment. Read Full Report.

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The broker provides a diverse range of learning resources, including webinars, seminars, video lessons, and textual literature on many elements of trading. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. That’s why we decided to explain what leverage is, and how it works in a cent account forex so that you can use it safely to maximize your profits. Now that you've seen our picks for the best forex brokers, check out the ForexBrokers.com Overall Rankings.

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You can personalise our trading platform based on your preferences. This can attract foreign investors seeking higher returns, leading to increased demand for the currency and potentially strengthening it.