World's leading currencies to fall rapidly in price against the dollar


June 23, Fineko/abc.az. U.S. Central Bank’s (Fed) chairman Jerome Powell said that Fed will not raise rates due to the rapid growth of inflation, and will continue to monitor the situation to make the right decision.

ABC.AZ reports that Fed’s chairman noted that patience will be a key factor in the short-term future of the stock exchanges.

During the U.S. session on the Forex markets, the EUR/USD and GBP/USD rates encountered resistance below $1.20 and $1.40, respectively.

There is a decline in the Asian session, and it is predicted that the prices of the leading currencies will continue to decline against the dollar.