Evergreen buck is steady

Evergreen buck is steady

On Friday, the major US currency was still steady, and the British pound dived a bit. Market participants are awaiting the speeches of the head of the Fed Jerome Powell as well as the Governor of the Bank of England Mark Carney.

As a matter of fact, Fed Chairman Jerome Powell along with Bank of England Governor Mark Carney is expected to take part in a panel discussion devoted to financial transparency and stability in Stockholm.   

The US dollar index, traditionally employed for gauging the purchasing power of the greenback against its six main rivals, jumped by 0.03% being worth 93.75.

The exchange rate of the US currency turned to be frozen after the protocol of the previous gathering of the Federal Open Market Committee disclosed that further interest rate lift is nearly guaranteed. Nevertheless, the key US financial institution would like to keep the inflation rate above the target value for some time.

It was a shocking thing for traders who suggested that the Federal Reserve will raise interest rates and also tighten monetary policy in the nearer months. In March, the Fed had the interest rate lifted and forecast two more of its hikes by the end of the year. According to some forecasts the likelihood of another lift in the interest rate in June accounts for about 95%.

The evergreen buck ascended against its Japan’s counterpart – the currency pair USD/JPY managed to grow by up to 0.26% coming up with a reading of 109.52.

In addition to this, the UK currency dive a bit after the report that the British GDP surge for the first quarter was confirmed at about 1.2%. As a matter of fact, the currency pair GBP/USD headed south by 0.10% hitting 1.3365.

Additionally, the currency pair EUR/USD gained by 0.01% demonstrating 1.1719.


Will the CPI Crash the USD?
Will the CPI Crash the USD?

 The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!

Latest news

The US Dollar Is Correcting
The US Dollar Is Correcting

Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?

Bearish Signal For The USD
Bearish Signal For The USD

XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!

Deposit with your local payment systems

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!

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