Dollar slips in last Friday’s trading session yet holds the ground firmly

There has been a massive chaos in the global market from the very beginning of the year 2916.Most of the professional traders were cautiously waiting for the rate hike decision from the FED from the very beginning of the year 2016.The performance of the U.S economy was significantly good in the last two couple of months and this helped the FED to hike their interest rate in their last FOMC meeting minutes. The dollar started to gain its strength in the global market after the U.S presidential election which held on 8th November 2016.The dollar gained a significant amount of strength in the global market after U.S president Mr. Trump stated that the U.S government will increase the fiscal spending and they will also work with the current tax conditions of the U.S citizen. Read more