After the widely anticipated decision of the Fed to maintain interest rates unchanged, the US dollar recovered its upward impulse. However, a hard line position of President Powell during his press conference and somewhat optimistic comments of President Trump on a possible agreement with Iran provided additional support to the dollar.
This is what you have to observe on Thursday, June 19:
The American dollar index (DXY) quoted with modest profits in the midst of the fall in yields in the US, with its rise still limited by the 99.00 area. There will be no activity in US markets on Thursday due to the Juneteenth holiday.
The EUR/USD relaxed at least several days about 1,1460 after the late dollar rebound. The production of the EMU will be the only publication in the Old Continent along with the speeches of Lagarde, Buch and Guindos del ECB.
The GBP/USD added to the fall on Tuesday and backed away to the 1,3400 area in response to the rebound led by the Fed in the US dollar. The BOE is expected to maintain its policy rate at 4.25%.
The USD/JPY reversed three consecutive daily advances and was seen under a renewed sales pressure, briefly re -testing the middle zone of 144.00. The usual weekly figures of foreign investment in bonds on the Japanese agenda are expected.
The AUD/USD maintained its erratic performance, once again claiming the area beyond the 0.6500 barrier key. The publication of the Crucial Labor Market Report will be the Center for Care in Australia.
The WTI prices partially cut the firm progress on Tuesday, going back to the neighborhood of the 71,00 mark per barrel despite the growing concerns in the Middle East, fears of interruptions and a mixed weekly report of the EIA.
Gold prices went back to the neighborhood of the area of ​​3,360 $ per Troy ounce due to the rebound of the US dollar, the decision of the Fed to keep the rates without changes and the hopes of possible conversations between the US and Iran. Silver prices reached new maximums above the 37.00 brand per ounce, only to reverse the course and finish the day with losses marked around 36.60 $.
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.
