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    Forex News from New Forex: Dollar loses ground against the main currencies

    On Wednesday, June 22, the US dollar declines against the main currencies amid the coming referendum in the UK. The currency instrument pound/dollar stands at 1.4668 ( 0.16%). The latest opinion poll shows that the difference between those who stand for remaining in the EU (45%) and those who want to leave (44%) is very subtle.

    Euro/dollar surged 0.51% to 1.1297. The yesterday’s announcement of the ECB President Mario Draghi about the readiness of the bank to any decision of the UK lent support to the single currency.

    Today the dollar tumbled 0.18% to 104.55 against the yen, dollar/franc slid 0.43% to 0.9577. The Australian and the New Zealand dollar advanced 0.67% and 0.59% respectively. The Canadian dollar picked up 0.36% to 1.2768. At the moment the dollar index slipped to 0.36% to 93.82.

    European markets act with discretion showing a slight rise. The UK’s FTSE climbed 0.33%, the German DAX added 0.57%, the French CAC 40 rose 0,38%. The pan-European index STOXX 600 edged up 0.15%.

    NewForex Analyst

    Sara Rosenstein

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