EUR/USD and GBP/USD slide

EUR/USD and GBP/USD slide

On Friday, the evergreen buck managed to gain in Asia, with the common currency and the British pound tumbling on worries over Brexit. Additionally, the markets looked for signs Donald Trump might soon point to the next Fed chief.

The currency pair USD/JPY hit 113.26, adding 0.64%, AUD/USD showed 0.7838, declining 0.52%. Besides this, EUR/USD went down 0.34% being worth 1.1812, GBP/USD relieved 0.36% trading at 1.3112.

As for the US dollar index, traditionally gauging the American currency’s strength against a trade-weighted basket of six rivals, it leapt 0.35% trading at 93.34.

As reports suggest, UK Prime Minister Theresa May is actually foundering in negotiations with EU leaders as well as her own party in shaping Britain’s exit from the EU, although she was backed by German Chancellor Angela Merkel.

Overnight, the evergreen buck sank abruptly, contributing to earlier losses, reacting to a sag in bond yields after a report hinted that Fed Governor Jerome Powell is actually leading the race to become next Fed Chair after Janet Yellen.

Similar

The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

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.

Callback

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