Daily Forex Outlook – US FED hikes Discount rate to 0.75%

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CURRENCY TRADING SUMMARY – 19th February (00:30GMT) U.S. Dollar Trading (USD) was on the back foot as stock rallied in Europe and in the US before reversing after the New York close on an unexpected discount rate rise by the FED. The discount rate is the rate that the FED lends emergency liquidity to banks. [...]