Federal Reserve Chair Jerome H. Powell Makes Statement As AudUsd Swings 100 Pips Up

Jerome Powell released a press release today about the influence of the Coronavirus and the Dollar fell soon after against the Australian currency. Actually it fell across the board. Before that the Dollar was gaining strength for most of the day.

There is about another hour to go and you never know if it will regain some of that lost momentum. The Aud and Nzd have made something of a recovery from yesterday so this is not a good last few days to try to make a profit in less than 24 hours unless you know what you are doing with your stop loss for safety.

Update : The Dollar has strengthened a little against most currencies in the last 30 minutes as we go to print.

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