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There has been a massive chaos in the global market from the very beginning of the month of November due to the U.S presidential election and pending rate hike decision by the FED. Upon the completion of the U.S presidential election, the green bucks have exhibited immense strength in the global economy in the last few days. According to Federal Reserve Chair Janet Yellen, the recent performance of the labor market and U.S economy is showing promising strength which is mostly likely to go in favor of the interest rate hike in the month of December. Though the statement from the FED chair didn’t indicate any direct hint about the rate hike decision in the month of December but investors are considering this statement as a positive approach from the FED after the U.S presidential election.

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