AUD/NZD Is Down and JPY/CHF Up After Fed’s Decision

WikiFX News (11 June)-After the Fed announced the latest interest rate decision, the safe-haven currencies Japanese yen and Swiss franc became winners, and the US dollar fell against G10 currencies except for Norwegian krone.

According to Fed Chairman Powell, the medium-term interest rates is excepted to remain near zero level until 2022, for the corona-virus has brought a huge risk to economic activities.

Today's economic data for the Asia-Pacific market is bleak, and the market may continue to focus on the overnight Fed resolution. Wall Street's trading dynamics may extend to the Asian session, which will affect the Asia-Pacific stock market and lead to a further expansion of credit spreads in the corporate bond market. Safe-haven currencies such as the Japanese yen and the Swiss franc may benefit from such an environment, while the commodity currencies such as AUD and NZD may be sold off.

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