The Federal Reserve's 2-day monetary policy meeting will end later on today, while no move is expected at this meeting in terms of monetary policy. The meeting may discuss the recovery of the U.S. economy, the fluctuation of the global economy and the negative impact of the slowdown in the Chinese economy. USD index sags below 94.50, before the Fed meeting.
EURO jumped to its highest level during the week, thanks to the weak data of U.S durable goods. EURO settled at $1.13 v.s USD, rebounding from $1.1338. The pair could extend its gains ahead of Fed meeting.
Yesterday, GBP soared to 12-weeks high of $1.46 against USD, backed by Britain's 'In' campaign. On the other hand, the pound declined to $1.4580, negatively affected by a UK support for Brexit.
USD rose against JPY and settled at 111.30. The pair is awaiting the outcome of federal meeting later on today.
Gold prices edged up yesterday, thanks to soft U.S durable data. The yellow metal rose $1,242 and could extend its gains before Federal meeting.
Crude oil prices rose, approaching five-month highs touched last week, backed by increasing demand from the United States on crude oil at the beginning of the driving season. WTI settled at $44.80 and could retest the psychological level of $45.
The most important economic events:
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