Online Forex broker
On Friday, the greenback managed to claw back some of its losses versus Asian currencies because market participants didn’t care a dovish tone from Fed Chair Janet Yellen any longer, while political concerns relieved too. Nevertheless, Asian currencies kept gaining ground.
Estimating the US currency’s value versus six main currencies, the US dollar index decreased 0.04%, trading at 95.52.
The Chinese Yuan kept gaining ground versus the US major currency. The PBOC has already strengthened the reference rate around which the national currency is permitted to trade this week. In the morning the currency pair USD/CNY slid 0.03%, hitting CNY6.7818.
On Thursday, China posted an unexpected leap in both imports and exports. With stronger global demand exports added 11.3% year-on-year, while imports rallied 17.2%.
The greenback decreased versus the Korean won by 0.03%, hitting KRW1,136.
On Friday, the Japanese yen dropped versus the US dollar, thus giving up some early profits. It hit JPY113.44, declining 0.14% against the dollar.
During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.
Jump in to know the key market events and trading ideas for this week!
The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.
USD’s rally takes a pause, while riskier assets are modestly rising.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted
Manager will call your number
Next callback request for this phone number
will be available in {time}
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
