The Fed's Officials Supported the US Currency

During yesterday's trading, the US dollar strengthened against the major world currencies. U. Dudley, the President of the Federal Reserve Bank of New York, who has the right to vote at the Fed's meetings on monetary policy, reported on positive changes in the labor market and a high level of trust. These statements strengthened the expectations of the financial market participants about another increase in interest rates this year.

In the Asian trading session, there was an increase in demand for the Australian dollar. The minutes of the Reserve Bank of Australia meeting pointed to the optimistic sentiment of the regulator.

Today, investors follow the speeches of the chairmen of the Central Banks of Switzerland and the United Kingdom. We also recommend you to pay attention to the statements of the FOMC members Rosengren, Fischer, and Kaplan.

Market Indicators

Yesterday the bullish sentiment prevailed on the US stock market. SPY (SPDR S&P 500 ETF) increased by 0.83%.

The 10-year US government bonds yield demonstrates positive dynamics. At the moment, the indicator is at the level of 2.18-2.19%.

Today we advise you to pay attention to the following events:

  • – Speech by the Head of the Bank of England, Carney at 10:30 (GMT+3:00);
  • – Speech by the Chairman of the National Bank of Switzerland, Jordan at 11:45 (GMT+3:00);
  • – The volume of wholesale sales in Canada at 15:30 (GMT+3:00).

by JustMarkets, 2017.06.20

We advise you to get acquainted with the daily forecasts for the major currency pairs.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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