The FOMC meeting ended after two days of discussions, but the outcome wasn’t what the investors were rooting for. USA30 fell 1.04%, while USA500 lost 0.53%. TECH100, which moved against the current for the past few days, dropped by 0.67%.
Gold settled at $1,720.70 per ounce.
The Dollar Index gained 0.38% to 96.315.
Asia and Australia
Markets across the ocean felt the impact of the FOMC meeting, which predicted a dark future for the American economy.
Japan225 shed 1.25%.
HongKong45 fell 0.39%.
Australia’s ASX lost 2.19%.
USD/JPY declined by 0.01% to 107.08.
AUD/USD dropped by 0.82% to 0.6939.
USD/CNY gained 0.15% to 7.0704.
European benchmarks continued to decline for the third consecutive day after the FOMC meeting. France40 led the way, as it lost the most during yesterday’s trading session – 0.82%.
UK100 was off 0.10%.
Germany30 was 0.70% lower.
GBP/USD traded lower by 0.43% to 1.2691.
Do you want to know what drives the markets? Read more here!
Sources: investing.com, money.cnn.com, marketwatch.com