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The US dollar weakened amid the anticipation of the announcement of the FOMC decision – 10-06-2020

News Date: 10/6/2020 03:54:26

The US dollar fell  against most major currencies, mainly due to the decision expected by the Federal Reserve and the subsequent tense situation. Expectations indicate that the US central bank may take steps to stop the rise in bond yields, this decision is expected to be issued. Later.

The US dollar pair fell against the Japanese yen to 107.45 yen, after it was 1.53%, as the US dollar pair fell against the Swiss franc by 1,0066% down to the price of 0.9486, and against the British pound the US currency declined to a price $ 1.27, down 0.63%, the lowest level in the pound sterling since last March.

On the other side, some currencies will gain after they outperform the US dollar, as the euro, which includes 0.36%, stabilizes at 1.13 dollars. As for the New Zealand dollar and the Australian dollar, both of them offered the upside wave against the American dollar, the New Zealand dollar rose by 0.19%, to settle at the price of 0.65 dollars, while the Australian dollar had difficulty by 0.020%, to settle at the price of 0.69 dollars.

US stock indices closed yesterday evening, as the Dow Jones index lost 1.09%, while the S&P weakened 0.78%. It is also a Nikkei index with the beginning of today’s discussion by 0.66% to 22,939.00 points, while the Topix index fell 0.61% to 1618.53 points.

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