ST: Australian dollar strengthened against its major competitors
Euro: Stock markets growth on Tuesday resulted in a decreased demand for the shelter-currencies and the euro rate consolidated. The EUR/USD grew to the level of $1,2600. According to the speculations, the ECB will leave the principal rate unchanged at the upcoming meeting this week.
British Pound: The Bank of England will announce their decision regarding the principal rate this current week as well. According to the speculations, it will be also left at the previous record-breaking low level. The GBP/USD pair showed growth to the level of $1,5200.
Japanese Yen: The USD/JPY pair showed minimums at the Y87,40 mark, and then reached the Y88,00 mark .
Australian Dollar: According to the expectations the Reserve Bank of Australia left the principal rate unchanged at the previous level of 4,50%. At the same time, the RBA statement included the growth of the investments rate, moderate growth rate of the consumption expenditure and high prices’ levels of raw materials. As a result the Australian dollar rate grew and strengthened against the major competitor currencies.
Oil: Due to the growing concerns over the slow down of the world economy rehabilitation rate, the oil prices decreased and traded around the range of $71.85 per barrel.
American trading session: The US dollar dropped to its 6-weeks minimums against the euro.
US Dollar: The rally at the stock markets lead to the increased willingness to take risks, which resulted in the drop of the US dollar rate to its 6-weeks low against the euro.
The released US ISM non-manufacturing composite index for June showed an unexpected drop to the level of 53.8 against the previous month’s 55.4 mark and the forecast of 55.0.
Oil: Driven by strong stock markets, the oil rate increased and reached the $73.65 mark per barrel, but decreased by the end of the trading day and lost all previously won positions.
Gold and Silver: The gold rate dropped to $1191 for troy ounce. And the silver price decreased as well to $17.65 per ounce.