Evergreen buck keeps soaring, euro slumps

Evergreen buck keeps soaring, euro slumps

On Monday, the evergreen buck surged, while the common currency slipped due to the fact that fears over Italy’s budget plan annoyed market participants.   

The currency pair EUR/USD went down by 0.43% showing 1.1473, rebounding towards the previous week’s one-and-a-half month minimum of 1.1463.

The common currency extended losses because Italy's Deputy Prime Minister Matteo Salvini told that European Commission Governor Jean-Claude Juncker as well as Economic Affairs Commissioner Pierre Moscovici turn out to be the real foes of the European bloc.

Brussels and Italy have been clashing over Italy’s budget deficit plans for the next three years that violate EC rules on having excessive deficits as well as high debt. Nevertheless, on Saturday, Italy was still firm with its stance of not retreating from the country’s spending plans.

Market participants paid attention to the news that the US Treasury is concerned over China’s currency manipulation.

Estimating the US currency’s purchasing potential versus a number of its primary opponents the USD index managed to inch up by up to 0.24% trading at 95.54.

Hopes for future Federal Reserve rate lifts helped to push the evergreen buck up because the revenue on the benchmark 10-year Treasury note headed north to 3.227% the previous week, which is its highest outcome since 2011.

At the same time, the UK pound declined due to the fact that uncertainty over Brexit as well as the Irish border worried traders. The European Union is on the verge of offering Great Britain "anywhere" checks. To put that another way, it means that exports would be examined at the source instead of a port thus excluding the necessity for a hard border. Therefore, the currency pair GBP/USD lost 0.37% trading at 1.3068.

The currency pair USD/JPY declined by 0.52% trading at 113.12.


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

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

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