Evergreen buck goes down as traders wait for Fed verdict

Evergreen buck goes down as traders wait for Fed verdict

On Tuesday, the evergreen buck slumped due to the fact that market participants waited for news from the key US bank’s latest policy gathering.

The measures utilized to gauge the purchasing potential of the key American currency against a number of its main rivals the USD index went down by 0.14% ending up with 96.41 following an overnight maximum of 96.63.

With the Federal Reserve generally anticipated to have rates increased by up to 25 basis points for the fourth time in 2018 on Wednesday, market participants will be closely watching for any fresh remarks from Fed officials on probable policy changes next year.

Fed representatives, including Fed Chair Jerome Powell, have already told that interest rates are approaching neutral. What’s more, they’ve become more cautious about the major bank’s tightening policy against the backdrop of worries of decelerating global surge.

By the way, American leader has several times criticized the US main financial institution for lifting interest rates. On Monday, Trump told that it was incredible that the Federal Reserve is currently planning another interest rate lift.

Versus the safe-haven Japanese yen the evergreen buck declined. As a matter of fact, the currency pair USD/JPY went down by 0.3% being worth 112.51.

Meanwhile, the UK currency managed to leap. The currency pair GBP/USD tacked on by up to 0.35% demonstrating a reading of 1.2661. As for the common currency, it was backed by the lower greenback. The currency pair EUR/USD surged by 0.2% trading at 1.1372.

In addition to this, the currency pair NZD/USD managed to leap by approximately 0.8% coming up with an outcome of 0.6861. The currency pair AUD/USD jumped by about 0.3% trading at 0.7197. Additionally, the Canadian dollar dived. The currency pair USD/CAD soared by 0.08% hitting 1.3417.

Similar

Evergreen buck goes up

On Wednesday, the evergreen buck jumped, backed by comments from senior Fed officials playing down the probability of interest rate cuts, and also by a fresh round of safe-haven buying on geopolitical tensions…

Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

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

Beginner Forex book will guide you through the world of trading.

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