What does this mean in Forex trading FOMC ? Thanks
FOMC is the US Federal Open Market Committee. This committee sets US bank interest rates.
Other central banks have similar committees and roles, which affect interest rates for their respective currencies.
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Hello @Excel04! You can learn more about FOMC here:
Hope this helps!
As above and in terms of importance, anything to do with interest rates is something to really pay attention to and can often shift the markets a lot.
Yes, thanks very much.can you help me know the full meaning?
And is it very important in Forex trading?