Which forex pairs move on FOMC Rate Decision?

FOMC Rate Decision typically moves DXY, EUR/USD, USD/JPY, GBP/USD, USD/CNH, USD/MXN. The strongest reactions historically come from the dollar pairs first, then the JPY and EM crosses.

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FX desk · Event pivot

FOMC Rate Decision: Forex impact today

Federal Open Market Committee policy meeting outcome. Announces the federal funds rate target, releases the Summary of Economic Projections (dot plot) at meetings ending in March/June/September/December, and is followed by a Powell press conference 30 min later.

Next release

Wed, 17 Jun 2026

In 3 days

Last release

Wed, 29 Apr 2026

46 days ago

Cadence

Eight times per year

Pairs to watch · live spot

DXY
+0.00%
27.95
US Dollar Index. Trade-weighted USD against EUR, JPY, GBP, CAD, SEK, CHF. The cleanest single ticker for the dollar trade.
CB: FEDBrief →
EUR/USD
+0.03%
1.1573
The most-traded currency pair in the world. Tracks ECB-Fed policy divergence, eurozone macro and the dollar trade-weighted index.
CB: ECB / FEDBrief →
USD/JPY
+0.09%
160.36
Cleanest single proxy for the global rate-differential trade. Carry-trade funder. Yen intervention triggers above 155 historically.
CB: BOJ / FEDBrief →
GBP/USD
-0.01%
1.3405
Cable. Tracks BoE-Fed differential, UK macro (CPI, wages, GDP) and gilts. The classic risk-on / risk-off proxy for sterling.
CB: BOE / FEDBrief →
USD/CNH
-0.00%
6.7615
Offshore yuan. The cleanest market read on PBOC policy + US-China trade relations. The onshore CNY follows the same path but is managed.
CB: PBOC / FEDBrief →
USD/MXN
-0.01%
17.2239
Mexican peso. Banxico's high carry funds long-MXN positioning in EM portfolios. NAFTA / USMCA news + oil prices drive shocks.
CB: BANXICO / FEDBrief →

Dated archive

FOMC Rate Decision archive · 2026-04

Full dated brief with consensus, actual, market reaction and Rocky desk commentary for the most recent release.

Release schedule · ±90 days

FAQ

Which forex pairs move on FOMC Rate Decision?: FOMC Rate Decision typically moves DXY, EUR/USD, USD/JPY, GBP/USD, USD/CNH, USD/MXN. The strongest reactions historically come from the dollar pairs first, then the JPY and EM crosses.
When is the next FOMC Decision release?: Wed, 17 Jun 2026 (in 3 days).
Why does FOMC Rate Decision matter for forex traders?: Federal Open Market Committee policy meeting outcome. Announces the federal funds rate target, releases the Summary of Economic Projections (dot plot) at meetings ending in March/June/September/December, and is followed by a Powell press conference 30 min later.