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Forecast: Decline of these exchange rates may accelerate

22.06.2021,12:09


June 22, Fineko/abc.az. Federal Reserve’s chairman Jerome Powell will deliver speech at the U.S. Senate with address to the international currency exchanges today at 10 pm on Baku time.

ABC.AZ reports in the run-up to the event, there is a decrease in trading activity.

So, even if there are currency rate corrections, it is likely that there will be positive comments on the US economy and monetary policy.

If this happens, it is predicted that the decline in the EUR/USD and GBP/USD rates will accelerate again.