Achf forex news june 2019
Here are some key Forex news events that occurred in June 2019:
June 1
- The US Federal Reserve (Fed) keeps interest rates unchanged, citing a strong economy and low inflation.
- The US dollar index (DXY) rises to 97.50, its highest level since May 2017.
June 3
- The European Central Bank (ECB) keeps interest rates unchanged, but signals a possible rate cut in September.
- The euro falls to 1.1200 against the US dollar, its lowest level since May 2017.
June 7
- The US-China trade talks end without a deal, sparking concerns about a potential trade war.
- The US dollar index (DXY) rises to 98.00, its highest level since May 2017.
June 14
- The UK's Office for National Statistics (ONS) reports that the UK economy contracted by 0.4% in the first quarter, sparking concerns about a potential recession.
- The pound falls to 1.2700 against the US dollar, its lowest level since October 2017.
June 17
- The US Federal Reserve (Fed) releases its minutes from the May meeting, indicating that some policymakers are concerned about the impact of trade tensions on the economy.
- The US dollar index (DXY) falls to 97.50, its lowest level since May 2019.
June 20
- The European Central Bank (ECB) announces a new stimulus package, including a rate cut and a restart of its asset purchase program.
- The euro rises to 1.1400 against the US dollar, its highest level since May 2019.
June 24
- The US Federal Reserve (Fed) cuts interest rates by 25 basis points, citing a strong economy and low inflation.
- The US dollar index (DXY) falls to 96.50, its lowest level since May 2019.
June 28
- The UK's Prime Minister Theresa May resigns, sparking uncertainty about the country's future and the Brexit process.
- The pound falls to 1.2500 against the US dollar, its lowest level since October 2017.
These are just some of the key Forex news events that occurred in June 2019. The events had a significant impact on currency markets, with the US dollar, euro, and pound experiencing significant fluctuations.