
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Friday, the greenback kept to its lowest value for October versus its key opponents because diving American treasury gains as well as further dips on Wall Street affected market sentiment.
Assessing the purchasing potential of the major American currency against a number of its primary counterparts the USD index kept to 95 on Friday, declining from its monthly maximum of 96.15 recorded on Tuesday.
On Thursday, the Dow Jones Industrial Average concluded at a two-month minimum of 25,052l, losing 2.13%. Meanwhile, the S&P 500 concluded 2.05% down. As for the Dow, it declined by nearly 7% from an all-time maximum of 26,951 reached on October 3.
A weaker-than-predicted ascend in American consumer prices undermined the evergreen buck because market participants cut back their wagers on the key US bank increasing the tempo of its planned rate lifts.
The previous months Fed representatives told that they hoped for up to three rate lifts next year, and some told that they are ready for a rate lift already in December that would be the fourth in 2018.Additionally, the benchmark 10-year Treasury gain went down to 3.1705% having slumped to a seven-year maximum of 3.261% on Tuesday.
The common currency happened to be the key beneficiary of broad-based US dollar weakness, reaching a new weekly maximum at 1.1611 due to a weakening greenback and an upbeat tone in minutes of the recent European Central Bank gathering.
According to the minutes, the ECB was on track to have its ultra-loose monetary policy normalized in 2018 notwithstanding fears about decelerating surge in the EU.
Meanwhile, the Canadian dollar ended up with 1.3024.
In October, the evergreen buck has rallied nearly 1% against its Canadian counterpart.
As for the New Zealand dollar, it was nearly intact sticking with 0.6518.
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
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!