Forex.ee: Daily economic news digest

Daily economic digest from Forex.ee
Stay informed of the key economic events

Tuesday, June 16^th

^{AUD/USD was falling this morning over dovish tones in RBA minutes. The pair is trading at 0.7738 and is moving down after Australian officials held the rates unchanged at a record low of 2% and stated that further rate cuts are possible if necessary.}

^{USD/JPY is trading at 123.57 continuing its rise. The comments from Bank of Japan Governor Haruhiko Kuroda indicated that the nominal yen rate is not protected against further weakening.}  

^{NZD/USD keeps falling for the fifth consecutive week. Today, the pair tested the 0.6996 level, but was rejected. This indicates the strong resistance at 0.7000. Support level is located at 0.6947.} 

^{The U.S. dollar index was up 0.15% at 95.21. Yesterday’s downbeat data from U.S. erased the dollar’s gains last night, but the expectations of the rate hike were still strong.}

^{EUR/USD was going up this morning reaching the level of 1.1317. The support level is located at 1.1236 and resistance at 1.1399.}

^{Later in the day, the investors are watching the British CPI, German ZEW Economic Sentiment and U.S. building permits.}

Your European ECN-broker,

Forex.ee