FOREXYARD: Forex News Blog | |
| Posted: 20 Jun 2012 01:13 AM PDT
The euro largely held onto gains from yesterday during the overnight session, as investors eagerly await a batch of US news today. Crude oil also largely remained bullish last night and is currently trading just above the $84.00 a barrel level. Main News for Today US FOMC Statement 16:30 GMT • Investors will be closely watching all three of these events for clues as to whether the Fed will initiate a new round of quantitative easing in the near future • It is also widely expected that the Fed will extend its bond-buying program in order to stimulate growth in the US economy • Any mention of a new round of quantitative easing is likely to lead to gains for riskier currencies • If the Fed chooses not to extend its bond-buying program, the dollar could see gains during the evening session Read more forex news on our forex blog |
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