Economic news

Markets are expecting news from major central banks holding meetings this week

Main currencies stayed within their ordinary levels today as investors showed no inclination to act awaiting a slew of important economic figures and an upcoming gathering of central banks with monetary policy in the focus.

Considering that tomorrow the Bank of Japan is going to wind up a two-day meeting, the end of the Fed’s gathering on July 1, and forecasted rate hike by the BoE on July 2, investors are bracing for a week filled with news that might show the future way for currencies.

The past week’s statement by the ECB saying that rates will stay low till mid-2019 was damaging for the euro, which kept near $1.1649 versus the dollar in today’s trading in Europe.


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