Forex.ee: Daily economic news digest

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

Friday, June 19^th

^{Swiss franc continued its strengthening against the U.S. dollar reaching its one-month highs on Thursday after SNB left its deposit rate at record low at -0.75%. Swiss National Bank said that negative rate should help to weaken the currency over time. The pair is traded at 0.9235 with support level at 0.9113 and resistance at 0.9255.}

^{GBP/USD touched its seven-month highs against weaker dollar on Thursday. Data showed that U.K. retail sales grew in May while Federal Reserve indicated that it might not raise the interest rates in September, but will rather wait for more robust economic growth. Yesterday’s mixed data from U.S. sent the pond even higher.  The cable is currently traded at 1.5862 down $0.0072 from yesterday’s peak.}

^{NZD/USD and AUD/USD were down in Asia despite weaker dollar. Kiwi is likely to remain under pressure without any fresh reports coming out from New Zealand today.}

^{Yen was slightly weaker today traded at 123.12 after Bank of Japan kept the interest rate unchanged as expected at 0.10%.  The pair’s resistance level is located at 123.60 and support at 121.54.}

^{EUR/USD rose mildly on Thursday over dollar’s weakening, but erased gains this morning currently traded at 1.1309. Yesterday, the meeting of euro zone finance ministers in Luxembourg ended without a deal between Greece and its creditors. The European Central Bank Executive Board member Benoit Coeure said that he is unsure if banks in Greece will remain open on Monday if a deal is not reached. The likelihood of Greek default is very high.}

^{The U.S. dollar index plunged to a monthly-low of 93.71 before rising to the current reading of 94.57.}

^{Ahead in the day, investors are viewing Canadian Core CPI and series of reports from the United States.}

Your European ECN-broker,

Forex.ee