22.06.202015:50 Forex Analysis & Reviews: Economists hope for recovery

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Exchange Rates 22.06.2020 analysis

The US dollar is still unstable. Today, on Monday, the exchange rate of the American currency fell again. The main question is how much time the recovery of the global economy would take. The fact is that the number of infected people is rising.

The stable yen practically did not move. Last time, it was at the level of 106.87 per one US dollar.

The pound sterling moved higher from a three-week low to $1.2393. By the way, the UK and the European Union have achieved insignificant results on the Brexit issues.

The restrictions imposed in Victoria State in Australia have affected the growth of commodity currencies such as the Australian dollar, which, along with the New Zealand dollar, has been in the range for more than a week.

The Australian dollar showed modest growth during the Asian session by 0.3% to $0.6854. The New Zealand dollar rose by 0.3% to $0.6422.

By the way, the total number of the coronavirus cases in the world exceeds 8.8 million. There are fears that the second wave may lead to new restrictions.

Kate Smirnova,
Expert Specializat
Grup InstaForex © 2007-2021
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