As market participants continued to digest the FOMC event and the growing fears about a possible expansion of the conflict in the Middle East, the US dollar was negotiated with modest advances, extending at the same time its gradual weekly recovery.
This is what you have to observe on Friday, June 20:
The American dollar index (DXY) rose marginally on Thursday, oscillating around the neighborhood of 99.00 in the midst of thin trade conditions due to the festivity of the Juneteenth in the US in the US, the manufacturing index of the Fed of Philadelphia and the advanced index of the Board Conference will close the weekly calendar on Friday.
The EUR/USD was negotiated in the area below 1,1500, reviewing the lower end of its weekly range. Production prices in Germany are the next ones on the agenda, followed by the preliminary impression of consumer confidence in the euro zone and the Ecofin meeting.
The GBP/USD managed to recover the smile after two consecutive daily falls, bouncing from levels below 1,3400 to close the day with modest advances. The United Kingdom calendar will include the GFK consumer confidence indicator, followed by retail sales and the public indebtedness of the public sector.
The USD/JPY advanced to new monthly maximums in the range of 145.70-145.80 after modest advances in the dollar. The Japan inflation rate will be the center of attention, together with the publication of the Boj minutes.
The AUD/USD reversed the advance of the previous day and faced strong downward pressure, sliding again to the neighborhood of 0.6450 on Friday. The next thing on the Australian agenda will be the manufacturing PMIS and advanced services on June 23.
WTI prices rose to four -day maximums within the limits of the mark of 75.00 per barrel after the growing geopolitical tensions in the Middle East.
Gold prices were negotiated in an adjusted range without a clear direction, oscillating around the 3,370 $ region per ounce Troy while the crisis between Israel and Iran entered its seventh day. Silver prices added to the losses on Wednesday, extending rejection from recent peaks around 37.30 per ounce.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
