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    Forex News from New Forex: The Aussie and the kiwi rise against the US dollar

    On Monday, June 20, the Australian and the New Zealand dollar have significantly gained amid keeping the US interest rate unchanged and the substantial rise of oil prices. AUD/USD stands at 0.7462 ( 0.89%), NZD/USD is seen at 0.7114 ( 0.91%).

    The Fed’s decision to remain the interest rate without any changes has considerably lowered experctations of the rate hike in the nearest time. As for oil prices, they gain ground due to the coming referendum in the UK on June 23. The last opinion poll showed that more citizens are ready to vote for keeping the EU membership.

    In the Asian trading oil prices jumped amid the weak dollar, traders treat commodities as a safe-haven. WTI with the delivery in July advanced 1.54% to $48.72 a barrel, Brent with the delivery in August surged 1.67% to $49.99.

    At the moment the dollar index sheds 0.64% to 93.70, a low since June 9.

    NewForex Analyst

    Luigi Campo

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