Evergreen buck is intact after dismal data

Evergreen buck is intact after dismal data

On Thursday, the major US currency rebounded from its unexpected dive following dismal economic data that sparked fears about the strength of the American economy and also backed the Fed’s intention to leave rates on hold in the nearer future.

Evaluating the purchasing potential of the key US currency against its primary rivals the USD index dived to 96.239 following the data prior to reviving to 96.391.

Without volatile items, new orders for durable goods tumbled suddenly in December. Meanwhile, business activity in the mid-Atlantic region demonstrated its outcome since May 2016, as follows from the Philadelphia Fed's monthly poll.

The data actually backs the Fed’s intention to stay patient with regards to interest rate lifts because it weighs surge headwinds, as minutes uncovered on Wednesday disclosed.

Besides this, investors were also awaiting developments on the US-China trade clash, with the world’s two leading economies reported to have already outlined commitments in such areas as services, intellectual property rights, agriculture and currency barriers to trade.  

Versus its Japanese counterpart, the evergreen buck inched down. The currency pair USD/JPY declined by 0.17% hitting 110.65. Japan’s currency is normally sought by market participants as a safe haven in hard times.

In addition to this, the common currency rebounded from earlier maximums. The currency pair EUR/USD added 0.08% concluding the trading session at 1.1344 after the ECB told that near-term surge will be most probably weaker than anticipated.

As for the UK currency, it was intact. The currency pair GBP/USD showed 1.3048.

Aside from that, the currency pair AUD/USD dived by 1% reaching 0.7086 after Westpac bank forecast that the Reserve Bank of Australia would have rates cut twice this year. NZD/USD dipped by 0.6% hitting 0.6809.


What to Trade on August 29 - September 2?
What to Trade on August 29 - September 2?

Last week several important economic updates influenced the Forex market. US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). Below you will find the key events to trade on during the week from August 29 to September 2.

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

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