The U.S. dollar index is hovering around 102 points as traders remain focused on the results of the third submission by the U.S. regulator. The regulator decided to raise their interest rate by 25 basis points to 5%, but also signaled the end of the monetary policy tightening cycle. While the average predicted value of derivatives at the end of 2023 is now 54.1%, there is a possibility of a decline in the dollar if new bankruptcies occur.


"Pound grows as Bank of England raises interest rates, predicts slight growth in economy"
GBP/USD is approaching the resistance of 1.23 as market participants analyze the results of the Bank of England's meeting. As expected, officials raised the interest rate by 25 basis points to 4.25%, while also predicting a slight growth in the economy in the second quarter of this year. Officials noted that the state of the international financial system causes concern, but the UK banking sector remains stable.


"Oil prices consolidate near $75 per barrel despite concerns over Chinese economy and rising inventories"
Brent crude is consolidating near $75 per barrel, but hopes for growth in the Chinese economy were neutralized by comments from Federal Reserve Chairman Jerome Powell and rising oil inventories. The Energy Information Administration's report on oil inventories recorded an increase by over 11 million barrels, which indicates a decrease in demand in the domestic market. Analysts predict a decline in oil prices may continue.