Created
: 2025.03.19
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Forex Today: BoJ maintains status quo, focus shifts to Fed
World FX news
Breaking news
Forex Today: BoJ maintains status quo, focus shifts to Fed
New
2025.03.19 15:56
2025.03.19 15:56
2025.03.19 15:56
Here is what you need to know on Wednesday, March 19:
Investors opt to remain on the sidelines while waiting for the Federal Reserve (Fed) to announce monetary policy decisions following the March meeting. The US central bank will also publish the revised Summary of Economic Projections (SEP), the so-called dot plot.
US Dollar PRICE This week
The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.45% | -0.33% | 0.69% | -0.50% | -0.42% | -1.17% | -0.91% | |
| EUR | 0.45% | 0.00% | 0.72% | -0.05% | -0.10% | -0.73% | -0.47% | |
| GBP | 0.33% | -0.00% | 1.05% | -0.26% | -0.12% | -0.74% | -0.54% | |
| JPY | -0.69% | -0.72% | -1.05% | -1.19% | -1.31% | -1.79% | -1.73% | |
| CAD | 0.50% | 0.05% | 0.26% | 1.19% | -0.13% | -0.66% | -0.94% | |
| AUD | 0.42% | 0.10% | 0.12% | 1.31% | 0.13% | -0.59% | -0.35% | |
| NZD | 1.17% | 0.73% | 0.74% | 1.79% | 0.66% | 0.59% | 0.26% | |
| CHF | 0.91% | 0.47% | 0.54% | 1.73% | 0.94% | 0.35% | -0.26% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
The US Dollar (USD) failed to benefit from the risk-averse market atmosphere on Tuesday, and the USD Index closed the third consecutive day in negative territory. Early Wednesday, the index moves sideways, slightly below 103.50. Meanwhile, US stock index futures trade marginally higher after Wall Street's main indexes suffered large losses on Tuesday. The Fed is widely expected to leave the interest rate unchanged at 4.25%-4.5%. Market participants will scrutinize the revised inflation and growth projections, and pay close attention to comments from Chairman Jerome Powell in the post-meeting press conference starting at 18:30 GMT.
During the Asian trading hours on Wednesday, the Bank of Japan (BoJ) announced that it maintained the short-term interest rate in the range of 0.40%- 0.50% after concluding its two-day monetary policy review meeting, as anticipated. BoJ Governor Kazua Ueda said that they will keep adjusting the degree of monetary easing and added that the underlying inflation is still below 2%. USD/JPY gains traction in the European morning and trades at a fresh two-week high near 150.00.
Gold benefited from escalating geopolitical tensions and gained more than 1% on Tuesday. XAU/USD continues to stretch higher early Wednesday and was last seen trading at a fresh record-high above $3,040.
EUR/USD posted daily gains on Tuesday and touched its highest level since early October above 1.0950. The pair stays in a consolidation phase but manages to hold comfortably above 1.0900 in the European morning. Later in the session, Eurostat will release revisions to February inflation data. Several European Central Bank (ECB) policymakers are scheduled to deliver speeches as well.
GBP/USD corrects lower and trades below 1.3000 after closing marginally higher on Tuesday. The Bank of England will announce monetary policy decisions on Thursday.
Fed FAQs
Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed's 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback.
The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials - the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis.
In extreme situations, the Federal Reserve may resort to a policy named Quantitative Easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used during crises or when inflation is extremely low. It was the Fed's weapon of choice during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy high grade bonds from financial institutions. QE usually weakens the US Dollar.
Quantitative tightening (QT) is the reverse process of QE, whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing, to purchase new bonds. It is usually positive for the value of the US Dollar.
Last updated
: 2025.03.19
Related articles
USD/CAD Price Forecast: Holds key 1.4300 level ahead of Fed's monetary policy decision
2 minutes agoUSD/CAD holds high above 1.4247 - ING
35 minutes agoNZD/USD can trade below equilibrium to attract foreign investments - BBH
40 minutes agoUSD/CHF Price Forecast: Strives to gain ground near 0.8750 ahead of Fed policy
44 minutes agoUSD/JPY faces important resistance at the 200-MA around 152.00 - BBH
52 minutes agoUSD/JPY: Likely entered a 148.80/149.90 range trading phase - UOB Group
58 minutes ago
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/CAD Price Forecast: Holds key 1.4300 level ahead of Fed's monetary policy decision
The USD/CAD pair rises to near 1.4330 in European trading hours on Wednesday.
New
2025.03.19 20:23USD/CAD holds high above 1.4247 - ING
USD/CAD is holding above its 100-day moving average at 1.4247, BBH's FX analysts report.
New
2025.03.19 19:50NZD/USD can trade below equilibrium to attract foreign investments - BBH
NZD/USD retraced some of this week's gains on USD strength, BBH's FX analysts report.
New
2025.03.19 19:46USD/CNH: Expected to trade between 7.2200 and 7.2430 - UOB Group
US Dollar (USD) is expected to trade between 7.2200 and 7.2430 vs Chinese Yuan (CNH).
New
2025.03.19 19:42USD/CHF Price Forecast: Strives to gain ground near 0.8750 ahead of Fed policy
The USD/CHF pair attracts bids near the three-month low of 0.8750 during European trading hours on Wednesday.
New
2025.03.19 19:41USD/JPY faces important resistance at the 200-MA around 152.00 - BBH
The Bank of Japan (BOJ) delivered a cautious hold and warns against a weaker Japanese Yen (JPY), BBH's FX analysts report.
New
2025.03.19 19:33USD/JPY: Likely entered a 148.80/149.90 range trading phase - UOB Group
US Dollar (USD) has likely entered a 148.80/149.90 range trading phase vs Japanese Yen (JPY).
New
2025.03.19 19:28EUR/USD declines as US Dollar strengthens ahead of Fed decision
EUR/USD falls sharply to slightly below 1.0900 in Wednesday's European session after posting a fresh five-month high near 1.0955 the previous day.
New
2025.03.19 19:08Federal Reserve set to keep interest rate unchanged amid US recession fears and Trump tariff concerns
The United States (US) Federal Reserve (Fed) will announce monetary policy decisions and publish the revised Summary of Economic Projections (SEP), the so-called dot plot, following the March policy meeting on Wednesday.
New
2025.03.19 19:00Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
New
2025.03.19 18:31Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
