The dollar is at historical highs on the background of the Fed's interest rate decision.


"APA-Economics" informs that the analysts of InvestAZ Investment Company have provided information about the latest situation in the world financial markets this week and what is expected in the short term.

EUR.


The euro fell to 0.9680 against the dollar as the dollar index renewed its historical highs after the next interest rate hike at the Fed meeting on September 21.

Inflation to be announced in the Eurozone this week, indicators of the level of economic development to be announced in the United States may play a decisive role in whether the trend will continue in the EURUSD pair.


GBP.


After the Fed's interest rate decision last week, the pound sterling lost its value against the dollar to the lowest level in the last 37 years.

The continuation of the current trend in the GBPUSD pair, which is currently trading at 1.0850 levels, may be seriously affected by the UK GDP indicators to be published on Friday.


TRY.


Last week, after the interest rate cut by the Central Bank of Azerbaijan, the USDTRY exchange rate increased to 18.40 TL.

If the increase in the dollar index continues, the lira may depreciate to 19 TL against the dollar.


OIL.


As a result of the pressure of the dollar index, which reached the highest level of the last 20 years on Thursday, after the FED's interest rate decision, it is observed that oil prices fell.

Because rising interest rates and inflation will increase the pressure on crude oil demand in the coming months.


GOLD.


It is observed that the hawkish stance of the Federal Reserve System in monetary policy weakens the status of gold as a safe haven financial instrument.

As a result, on the last trading day of last week, the price of gold fell to $1,643 per ounce.

If the rise in the dollar index continues, the downward trend in gold may continue to $1,560.