Euro/dollar rose before Fed meeting
Euro/Dollar extended gains to the 9-day high at 1.4137 on hopes that US Fed would hasten with rate lift in this year.
As economists expected FOMC meeting made decision to keep zero interest rage unchanged and to continue program of publish debts purchase in the volume of 300 bln US dollars. Market has already corrected quotations on expected interest rate rise at the end of this year. Enforced confidence that it would not be occur, has led to US dollar fall against major currencies despite the fact that risk appetite of world markets is at low level. Additional support was given by comment from ECB governing council member Axel Weber who stated that ECB exhausted potential for referential rate cut and gave to know that ECB saw no necessity for rate cut.
Sentiment in stock markets got a little better after news that US home sales in the secondary market in May rose by 2.4%. These news enforced forecasts that home sales in the first market in the U.S. would show 23% growth. Most Asian stock markets grew in the morning session and the yen-crosses partially took back recent losses.
