Traders and analysts witnessed the U.S. dollar take a plunge ahead of testimony from former FBI head
On Tuesday the U.S. dollar fell to a near six-week low against the yen and lost positions against the euro. This happened ahead of former FBI head James Comey's testimony before Congress. Meanwhile world stocks declined and traders' interest in buying gold rose.
RBA keeps record low interest rate unchanged
At its ninth consecutive session, the Reserve Bank of Australia decided to keep unchanged its record low interest rate. This has happened at the backdrop of signs of slowing economic growth.
At Tuesday's meeting, the RBA Governing Council decided to keep the base interest rate unchanged at a record 1.5 percent.
"Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time," the statement by RBA head Phillip Lowe reads.
Rise of investors' confidence observed in Eurozone
The attitudes of investors and analysts on economic developments in the euro area marked a new surprisingly sharp improvement in May to a nearly ten-year peak. This is thanks to weakened political risks associated with the elections in the Netherlands and France as a result of the economic boom in the region, a survey of Frankfurt-based market research firm Sentix has shown.
The index of investor confidence rose strongly in June to 28.4 points, reaching the highest level since July 2007.