I anticipate fireworks next week if the Federal Reserve further raises interest rates. Being new to the FX can anybody advise me on what to expect? I am assuming that the EUR/USD will be down (due to dollar upward ) along with the DXY0 dollar index will be up.
In the past when (and how) does the F.R. create the announcement and how quickly does the EUR/USD respond?
Any information will be appreciated. This is my first time with all the FX plus a F.R. announcement.