empty
16.07.2019 11:59 AM
The euro weakens and the dollar holds its position despite the Fed's comments

This image is no longer relevant

The euro could not keep up and went down. Investors expected the German economy to improve, but this did not happen, and only the prospect of easing monetary policy around the world limited the further decline. In recent weeks, currency markets have been particularly calm as investors have focused on economic data releases to decide when and to what extent central banks will stimulate their economies. Volatility in foreign exchange markets has fallen sharply in recent weeks, according to Deutsche Bank reports. It is expected that the Fed will reduce rates in July, but the dollar is not afraid, the dollar index against major currencies rose by 0.1% to 97,035 points, which is far enough from the June lows of 95,843 points. It remains to wait for the review of business sentiment in Germany and data on retail sales in the United States.

This image is no longer relevant

The yen lost 0.1%, dropping to 108.05 yen per dollar. Recall, the American reached a six-week high of 108,990 yen last week but fell after the head of the Fed Jerome Powell prepared the ground for a rate cut at the end of this month, highlighting the uncertainty faced by the world's largest economy. The New Zealand dollar rose 0.2% to 0.6729 dollars, helped by strong inflation data. The Swiss franc, which is always seen as a safe haven, benefited from concerns about the eurozone economy and rose slightly to 1.1077 francs per euro, close to a two-year high of 1.1057 francs in June.

This image is no longer relevant

Irina Maksimova,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
I Belozerov
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

US Market News Digest for July 22

Markets ended mixed on Monday: the S&P 500 edged up 0.14%, the Nasdaq 100 advanced on optimism ahead of major earnings reports, while the Dow Jones slipped slightly. Caution prevails

Ekaterina Kiseleva 12:07 2025-07-22 UTC+2

Wall Street sets new record: S&P 500 and Nasdaq soar thanks to Alphabet

Wall Street records: tech giants drive market higher The US stock indices S&P 500 and Nasdaq closed Monday at all-time highs. The reason was a surge in investor interest

11:23 2025-07-22 UTC+2

New Wall Street Record: S&P 500, Nasdaq Soar on Alphabet

The S&P 500 and Nasdaq indexes soared to all-time closing highs on Monday, lifted by a surge in mega-cap tech stocks. Investors are positioning ahead of a wave of earnings

Thomas Frank 08:31 2025-07-22 UTC+2

Industrial takeoff: how RTX and Lockheed lift S&P 500 ahead of earnings report

Industrial companies are the leaders of the S&P 500 index this year. Defense sector stocks are driving the group's gains. RTX and Lockheed are among the companies reporting second-quarter earnings

13:00 2025-07-21 UTC+2

US Market News Digest for July 21

The S&P 500 sector has climbed 15% since the start of the year, though the looming earnings cycle could reshape that trajectory. Industrial gains are underpinned by expectations of infrastructure

Ekaterina Kiseleva 12:15 2025-07-21 UTC+2

Industrial Rush: How RTX, Lockheed Are Driving the S&P 500 Ahead of Earnings Wave

Industrials Are Leading the S&P 500 This Year Defense Stocks Drive Group Growth; RTX, Lockheed Among Q2 Reports Next Week A Fifth of S&P 500 Companies to Report, Including Alphabet

Thomas Frank 07:54 2025-07-21 UTC+2

US stocks climb: S&P 500 hits sixth record, chipmakers rally

S&P 500 notched its sixth record. Nasdaq posted six best sessions. Chip stocks surged. PepsiCo and United Airlines climbed. Indices rose: Dow Jones up 0.52%, S&P 500 up 0.54%, Nasdaq

12:47 2025-07-18 UTC+2

US Market News Digest for July 18

The S&P 500, Nasdaq, and Dow Jones closed higher by 0.54%, 0.75%, and 0.52%, respectively, amid strong macroeconomic data. Released figures on retail sales and employment reinforced investor confidence

Ekaterina Kiseleva 12:31 2025-07-18 UTC+2

US indices rush into summer: S&P 500 hits sixth record high and chip stocks soar

The S&P 500 set its sixth record high since June 27. The Nasdaq has posted six best results in the past seven sessions. Chip stocks jumped after TSMC's record quarterly

Thomas Frank 10:43 2025-07-18 UTC+2

US Market News Digest for July 17, 2025

US stock indices closed the day with moderate gains, driven by speculation over Jerome Powell's potential resignation as Chairman of the Federal Reserve, causing short-term volatility in the markets. Investors

Ekaterina Kiseleva 12:36 2025-07-17 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.