empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

22.06.202015:50 Forex Analysis & Reviews: Economists hope for recovery

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 22.06.2020 analysis

The US dollar is still unstable. Today, on Monday, the exchange rate of the American currency fell again. The main question is how much time the recovery of the global economy would take. The fact is that the number of infected people is rising.

The stable yen practically did not move. Last time, it was at the level of 106.87 per one US dollar.

The pound sterling moved higher from a three-week low to $1.2393. By the way, the UK and the European Union have achieved insignificant results on the Brexit issues.

The restrictions imposed in Victoria State in Australia have affected the growth of commodity currencies such as the Australian dollar, which, along with the New Zealand dollar, has been in the range for more than a week.

The Australian dollar showed modest growth during the Asian session by 0.3% to $0.6854. The New Zealand dollar rose by 0.3% to $0.6422.

By the way, the total number of the coronavirus cases in the world exceeds 8.8 million. There are fears that the second wave may lead to new restrictions.

Kate Smirnova
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off