Evergreen buck is nearly 10-week peak

Evergreen buck is nearly 10-week peak

On Tuesday, the American dollar rallied to a 10-week peak versus a currency basket because escalating trade clashes drove fears of a deceleration in global economic surge, powering safe haven demand.

Tracking the evergreen buck’s purchasing potential against a number of its main opponents the USD index gained 0.13% being worth 96.47.

Demand for the US currency was still backed after Bloomberg told that the current US presidential administration is ready to slap duties on all China’s products by early December if negotiations next month don’t manage to soothe the trade clash between America and China.

Chinese President Xi Jinping and American leader Donald Trump are expected to meet during the G20 Summit in Argentina late next month.

The escalation in the trade conflict shows up against the backdrop of fears over a dismal earnings outlook for tech companies as well as the tempo of American interest rate hikes.

Japan’s currency, normally considered to be a safe haven in hard times, dived versus the green back. The currency pair USD/JPY rallied by 0.4% being worth 112.82 ahead of the Bank of Japan’s monetary policy verdict on Wednesday.

The common currency nearly stood still against the evergreen buck. Eventually, the currency pair EUR/USD showed 1.1366, which is not far from Friday’s 10-week minimum of 1.1335.

The euro has been suppressed by soaring political risk in the euro zone.

On Monday, Angela Merkel, German Chancellor told that she’s geared up to stepping down as party leader and also as the country’s chancellor because of the weekend’s dismal regional election outcomes.

An everlasting clash between Italy and Brussels over Rome’s budget has also put pressure on the common currency.

Furthermore, the UK pound was a bit lower. The currency pair GBP/USD lost about 0.11% trading at 1.2778.



How to trade the JPY?
How to trade the JPY?

Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:

USD and GBP Traders Await Big Moves
USD and GBP Traders Await Big Moves

The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.

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

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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