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    Forex News from New Forex: Euro advances before the Fed’s decision

    On Wednesday, June 15, the euro climbs against the buck. Investors wait for the Fed’s decision over the interest rate which is currently at 0.5%. We expect that it will remain unchanged.

    The pair euro/dollar surged 0.19% to 1.1227. Yesterday the single currency plummeted after the decline of German bond yields due to uncertainty over the membership of the UK in the European Union. The instrument euro/yen edged up 0.41% to 119.38. On Tuesday the ECB announced about the necessity to support financial markets in case of Brexit. At the moment euro/pound shed 0.38% to 0.7907.

    European stocks stand in the green zone today. Investors consider that the current rate won’t be changed after the release of weak job data in the US last week. The pan-European index STOXX 600 picked up 1.16%. The UK’s FTSE gained 1.10%, the German DAX increased by 1.39%, the French CAC 40 jumped 1.74%.

    NewForex Analyst

    David Fineberg

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