Evergreen buck goes down notwithstanding better-than-anticipated labor and inflation data

Evergreen buck goes down notwithstanding better-than-anticipated labor and inflation data

On Friday, the evergreen buck slumped in Asia notwithstanding better-than-anticipated labour as well as inflation data published overnight.

Tracking the greenback’s purchasing potential versus a group of other currencies the USD index decreased by 0.2% ending up with 96.597.

On Thursday, the Labor Department informed that its core producer price index managed to surge by 0.3% in March, which is above experts’ forecasts for a 0.2% ascend. The core PPI went up by 2.4% for the 12 months through March.

It also informed that initial jobless claims headed south by 8,000 to a seasonally updated 196,000 by April 7, thus ruining hopes for a leap.

A lot of market players had taken a bearish view on the evergreen buck after the American CPI numbers published earlier in the week, although they were forced to steeply cover short positions because Thursday's data turned out to be firm.

The minutes of the Fed’s recent policy gathering, published on Wednesday, told that various Fed policymakers were assured that the appropriate level for interest rates could move in either direction.

By the way, previously the Federal Reserve told that the next move in American interest rates might be down rather than up.

Besides this, the currency pair GBP/USD soared by about 0.2% being worth 1.3072 right after the European bloc agreed to push back Britain’s departure date as far as Oct. 31.

Additionally, the currency pair AUD/USD managed to rally by about 0.1% following the publication of the Reserve Bank of Australia’s fresh financial stability review.

The currency pair USD/CNY stood still, sticking with 6.7189.

As for the currency pair USD/JPY, it jumped by 0.1% hitting 111.74.


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

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