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Day: June 22, 2016
June 222016
EUR/USD Trades Above Opening Ahead of Britain’s Referendum
EUR/USD was rising for the most part of today’s trading session (though trimmed gains by now) as the referendum nears about the place of Great Britain in or outside of the European Union. Meanwhile, the cautious stance of US policy makers and the possible delay of interest rate hikes made the dollar less appealing to traders. Existing home sales rose to the seasonally adjusted annual rate of 5.53 million in May, matching forecasts exactly, from the downwardly revised 5.43 […]
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June 222016
Swiss Franc Joins Rally vs. US Dollar, Unable to Beat Euro
The Swiss franc rallied together with other currencies against the US dollar today, but the Swissie was unable to outperform the euro, falling against the shared 19-nation currency. The Swiss economic outlook improved as was shown by the ZEW-CS-Indicator for the economic sentiment in Switzerland that increased from 17.5 to 19.4 in June. The report said: Survey participants show a strong agreement regarding the assessment of Switzerlandâs current economic situation: 93.8 per cent of analysts […]
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June 222016
Helpful Fundamentals Make Australian Dollar Stronger
The Australian dollar climbed today thanks to helpful fundamentals, like the rise of crude oil prices and the weakness of the US dollar. Yesterday’s speech from Federal Reserve chief Janet Yellen showed cautious stance of US policy makers, which was detrimental to the greenback and beneficial to other currencies. Also released yesterday, minutes of the Reserve Bank of Australia policy meeting demonstrated a neutral stance in regards to monetary policy. As for today’s events, the rally of crude […]
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