European Session – Euro tumbles to two-week low in $1.11 handle; sterling falls as Brexit risk weighs
Posted on June 16, 2016 at 2:46 pm GMTMajor central bank policy meetings were the main driver of currency market moves today. The dovish tone of the Federal Reserve statement after its policy meeting on Wednesday, combined with a steady Bank of Japan today, kept risk appetite damp and led to an impressive gain in the safe haven yen. The Bank of England and Swiss National Bank also met today and they too kept policy unchanged. The fact that all these central banks remained on hold was an [..]