The Fed kept the door open for an interest rate
hike in June, although it indicated it was in no hurry to take such a step. The
U.S. central bank said the labour market was improving but acknowledged that
economic growth seemed to have slowed.
"The longer the
Fed holds off on raising rates, the better
of bullion and negative for dollar"
Dollar Index has strong support at 94.00 and resistance at 95.20, close below 94.00 it will fall to 93.60 – 93.30 marks , else will touch the
resistance level 95.20.
More will update soon!!
