Euro tacks on

Euro tacks on

On Tuesday, the common currency managed to ascend because political risk in Germany receded, while the evergreen buck and the Japanese yen both dived due to the fact that worries over trade tensions relieved, although market sentiment was still uncertain.

The currency pair EUR/USD soared by 0.26% hitting 1.1669 having concluded the previous trading marathon down 0.32%.

The common currency was backed after German Chancellor Angela Merkel managed to come to a compromise as for immigration policy with her coalition colleagues, thus tackling an issue, which could potentially question the very future of the German government.

Gauging the greenback’s purchasing power versus six main currencies, the USD index slumped by 0.2% being worth 94.41.

Asian markets demonstrated a late soar having slipped overnight, although market participants were still on edge ahead of a looming deadline in the trade clashes between China and America.

American duties on $34 billion of China’s goods are due to come true on July 6. Meanwhile, China is on the verge to strongly respond with duties of its own on the same value of American goods.

American leader Donald Trump is overwhelmed with ambitious plans to have America’s key trading partners penalized, including the European bloc, Canada and Mexico, which is in line with his 'America First' stance, which many traders fear will impact global surge.

The evergreen buck inched up versus the Japanese yen. The currency pair USD/JPY rallied to 110.98.

The common currency rallied versus the Japanese yen too. The currency pair EUR/JPY added 0.36% being worth 129.52.

As for the UK currency, it tacked on, with GBP/USD gaining 0.27% trading at 1.3156.

The trade sensitive New Zealand and Australian dollars managed to grow too. The currency pair AUD/USD tacked on by 0.64% being worth 0.7386, the currency pair NZD/USD gained by 0.15% coming up with a reading of 0.6725.


Monday started with volatility
Monday started with volatility

Have a look at the key financial instruments on Monday, February 28. Geopolitics is currently on all news frontlines. Western nations escalated sanctions on Russia for the invasion of Ukraine.

Latest news

USD Moves Weird Ahead of CPI
USD Moves Weird Ahead of CPI

The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.

The NFP Release: One More Punch for USD?
The NFP Release: One More Punch for USD?

The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.

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.


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