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    Forex News from New Forex: Asian markets rise in the expectation of news from the US

    The Australian and the New Zealand dollar gain ground against the greenback in the trading on Wednesday, June 15. The sentiment around the US dollar is unsteady before the Fed’s meeting. The currency instrument AUD/USD climbed 0.35% to 0.7382, kiwi/dollar surged 0.53% to 0.7025. At the moment the dollar index tumbled 0.09% to 94.94.

    In Japan the leading index Nikkei closed trades with a rise ( 0.4%) in spite of uneasy trading today. The broader Topix picked up 0.4%, the JPX-Nikkei Index 400 surged 0.4% as well. The Japanese market is in the anticipation of a 2-day meeting in the USA and the Bank of Japan over the interest rate.

    Chinese markets increase on Wednesday, the Shanghai Composite added 1.57%, the Shenzhen Composite gained 2.83%. Most investors did not react to the decision of the MSCI stock index provider to delay the inclusion of A shares of mainland China into its key emerging market index. The decision of the MSCI is explained by the intention to see some progress in accessibility to the Chinese market. At the moment Chinese stocks which are in the list of the emerging market index are traded either in Hong Kong or in the USA.

    NewForex Analyst

    David Fineberg

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