Online Forex broker
On Friday, the evergreen buck slumped versus other rivals because trade negotiations between China and the United States ended.
Estimating the purchasing power of the US currency against its main rivals, the USD index went down by approximately 0.12% hitting 95.44.
China and the United States moved ahead with 25% duties on $16 billion worth of products, as trade negotiations between the two sides brought no agreement. The two leading economies of the world have been in a fierce trade conflict for months.
Meanwhile, Fed Chair Jerome Powell is anticipated to deliver a speech on Friday at the annual gathering of key bankers. Market participants are going to closely watching the event for probable prompts on future monetary policy. The Federal Reserve kept rates on hold at its last gathering in August, although it’s anticipated to have rates lifted at least two times before the end of 2018.
The evergreen buck managed to ascend versus the safe-haven Japanese yen. The currency pair USD/JPY tacked on by 0.13% hitting 111.44. As a rule, in times of uncertainty, traders are prone to investing in Japan’s currency, traditionally considered to be a reliable safe asset during hard times.
The common currency managed to rally. The currency pair EUR/USD added 0.22% showing 1.1564. The UK currency gained ground too. The currency pair GBP/USD soared by 0.04% trading at 1.2820.
Meanwhile, Turkey’s currency went down a bit versus the evergreen buck. The currency pair USD/TRY inched up by 0.12% reaching 6.0800 due to the fact that Turkish financial markets are unavailable due to holidays. The Turkish lira has been suppressed for the last few weeks because Turkey and America disagree over a detained US pastor.
Additionally, the Australian dollar ascended. The currency pair AUD/USD gained by 0.39% demonstrating 0.7275. The currency pair NZD/USD surged by 0.02% showing 0.6641. As for the Canadian dollar, it dived a bit versus the US dollar. The currency pair USD/CAD gained 0.01% closing with 1.3082.
On Wednesday, the evergreen buck declined because the Japanese yen kept to a two-month minimum due to the fact that market participants had the latest trade reports digested…
On Tuesday, the evergreen buck added versus its counterparts because market participants weighed the latest worsening in the tit-for-tat tariff conflict between China and America, while a weaker common currency also raised market sentiment…
On Monday, the evergreen buck declined versus its counterparts on worries of an escalation in the US-China trade conflict, while a stronger UK currency and euro also put pressure on market sentiment…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
