
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Friday, the common currency was still high because the evergreen buck declined and trade worries didn’t recede.
The currency pair EUR/USD managed to ascend by 0.26% reaching 1.1633 because German and French business activity in June turned out to be higher than anticipated, relieving worries of a slowdown in the European Union.
The UK currency was also high too. The currency pair GBP/USD managed to ascend by 0.20% being worth 1.3268.
The USD index, used to estimate the greenback’s purchasing power against six key currencies, inched down by 0.19% demonstrating a reading of 94.36.
Trade tensions between America and its allies resumed because on Friday the European Union put tariffs on $3.4 billion of American imports, including whiskey, motorbikes, and jeans in response to Donald Trump’s aluminum and steel duties.
Responding to this EU’s move, Trump wrote on Twitter that if the European Union doesn’t remove the duties, the US government will have to impose a 20% duty on all their vehicles coming to America.
The duties have backed tensions because market participants are afraid of a probable fierce global trade conflict between America as well as other key countries.
The evergreen buck was also held back by a slump in the Philadelphia Federal Reserve’s manufacturing index, which took place on Thursday. The index went down to a one-and-a-half-year minimum, spurring worries as for the strength of the American economy.
The US currency dived versus the safe-haven Japanese yen. The currency pair USD/JPY dipped by 0.07% hitting 109.91. In times of uncertainty, market participants are prone to investing in the Japanese yen because it’s considered a reliable safe asset during tough periods.
In addition to this, the Australian dollar managed to ascend. The currency pair AUD/USD gained by about 0.65% reaching 0.7425,
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
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!