Common currency rallies steeply on EU agreement on immigration

Common currency rallies steeply on EU agreement on immigration

On Friday, the common currency managed to gain steeply after the EU leaders came to an agreement on a number of immigration issues.

The leaders of the EU nations came to an agreement on the migration downtime after the summit in Brussels. That’s what Donald Tusk, the chairman of the European Council posted on Twitter.

As it’s specified, Xavier Bettel, the Prime Minister of Luxembourg also posted on Twitter that the EU chiefs came to a compromise on crucial immigration issues. 

Previously, Italy had blocked the final document of that summit blocked because this country insisted on greater coordination of migration issues. Giuseppe Conte, the Prime Minister of Italy told that the responsibility for every refugee needs to be taken by the entire community, and not by the European country to which the migrant initially came. Moreover, it was offered to roll out special quotas for the reception of migrants for the EU members. Those EU members who refuse from such quotas are going to face diminished targeted funding from the common budget. By the way, Italy’s initiative has been already backed by France and Spain.

The Japanese yen showed a minor reaction to upbeat data from the labor market as well as inflation figures in the Tokyo region.

As the Bureau of Statistics of Japan states, in June, the consumer price index in Tokyo, rallied by 0.6% year on year having soared by 0.4% in May. Market experts had hoped for a 0.5% soar. Excluding fresh food prices, the Tokyo consumer price index managed to ascend by 0.7% having leapt by 0.5% earlier. However, market experts had predicted a 0.6% jump. Simultaneously, the consumer price index without energy and good prices rallied by 0.4%. That’s higher than the previous reading of 0.2% as well as the prediction of market experts of 0.3%.


USD and GBP Traders Await Big Moves
USD and GBP Traders Await Big Moves

The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.

What to Trade on August 29 - September 2?
What to Trade on August 29 - September 2?

Last week several important economic updates influenced the Forex market. US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). Below you will find the key events to trade on during the week from August 29 to September 2.

Latest news

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

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

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera