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Day: June 23, 2016
June 232016
EUR/USD Backs Off from Daily Highs, Remains Above Opening
EUR/USD rallied today as Britons were voting whether to stay in the European Union or leave it. Polls were showing that there were more people preferring to remain in the Union than to leave it. This gave boost to European currencies, limiting demand for safe currencies (like the dollar). US economic data, which was poor for the most part, was not helping the greenback either. The currency pair backed off from […]
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June 232016
NZ Dollar Jumps While Britons Vote in Referendum
The New Zealand dollar rallied to the highest level in a year versus the US dollar and climbed more than 2% against the Japanese yen amid hopes for Great Britain to stay in the European Union. Britons vote today whether to leave the EU or stay. An exit is considered to be a negative outcome, potentially hurting the economy of Britain as well as the whole world (as the country is one of the world’s major financial centers). For now, polls show that […]
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June 232016
Norway Central Bank Makes No Changes to Policy, Krone Climbs
The Norwegian krone climbed versus the US dollar after Norway’s central bank refrained from cutting interest rates during today’s policy meeting. The Norges Bank decided to keep its main interest rate at 0.5%. The bank followed other central banks in voicing concern about the referendum in Great Britain and uncertainty surrounding its outcome. While the central bank preferred to make no move ahead of the important event, Governor Oeystein […]
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