Online Forex broker
On Monday, the evergreen buck dived to fresh three-year minimums versus a currency basket because demand for the common currency kept being supported by speculation that the ECB is about to scale back its huge stimulus program.
Assessing the greenback’s value versus a basket of six key currencies, the US dollar index hit 90.51, having dived to 90.39 overnight, which is a reading not observed since December 2014.
The currency pair EUR/USD reached 1.2214 having hit a new three year maximum of 1.2239 overnight.
The common currency has edged up since last Thursday’s December ECB minutes told that officials could move to a gradual shift in policy guidance from the first quarter of 2018.
Obviously, any shifts in the bank’s guidance would be perceived by traders as a sign that policymakers are about to start winding down their bond purchasing stimulus program.
Against the Japanese yen the greenback dived to its lowest reading since mid-September, with USD/JPY trading at 110.73 having declined to 110.58.
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
On April 22, 2022, from 10:15 to 11:00 MT time, the Markit will release German and French flash services and manufacturing PMI.
The ECB will publish the Monetary Policy statement on Thursday, April 14, at 14:45 MT (GMT+3).
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
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.
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 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.
|
