Dutch election outlook buoys common currency

Dutch election outlook buoys common currency

On Thursday, the common currency stood tall after Dutch election exit surveys pointed to a comfortable win by the prime minister over his far-right counterpart, while the greenback wallowed at a one-month minimum after the Fed sounded less hawkish than anticipated on future rate lifts.  

The euro managed to surge to a five-week peak of $1.0746, having soared 1.2% overnight.

The common currency was spurred as exit surveys revealed that the Netherlands' center-right Prime Minister Mark Rutte saw off a challenge by anti-EU and anti-Islam Geert Wilders in Wednesday’s election, thus alleviating worries towards Holland opting to break up with the EU.

The dollar index against a basket of key currencies dropped 0.2%, hitting 100.560.

It went down more than 1% yesterday, touching 100.490, its lowest value since February 17.

On Wednesday, the US dollar took a knock after the Fed ended its two-day policy gathering by simply increasing interest rates just as expected, though stuck to projections of three total rate lifts in 2017.

eur

Similar

US Dollar index keeps edging up on American upbeat mood

On Friday, the evergreen buck kept tacking on versus other key currencies after the minutes of the Fed’s latest policy gathering along with Thursday’s upbeat data powered optimism as for the strength of the American economy…

Evergreen buck is at 1-1/2 week maximums on Fed minutes

On Thursday, the main US currency was seen at one-and-a-half week maximums versus a group of key rivals, following overnight revenues after minutes of the Fed’s January gathering underlined hopes for faster lifts in American interest rates…

Popular

EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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