Evergreen buck rallies as investors wait for news on China trade negotiations

Evergreen buck rallies as investors wait for news on China trade negotiations

On Monday, in Asia, the evergreen buck soared versus most other currencies due to the fact that market participants are waiting for further news on China trade negotiations.

Tracking the purchasing potential of the US currency against a number of its main peers the USD index jumped by up to 0.1%.

The previous week the USD index managed to rally by 1.2% on fears about a weakening global economy as well as soaring uncertainties surrounding the US-China trade conflict. What’s more, it appeared to be the currency’s most impressive weekly ascend since May last year.

Progress in China-US trade negotiations will probably become one of the key drivers of the financial markets this week because high-level statesmen gather in Beijing for another round of talks bursting out on Monday after the last meeting between the two sides resulted in no deal.

The two leading countries are struggling to come to a compromise before the 90-day truce between the trading partners expires on March 1. American leader has threatened to ramp up levies on Chinese goods if the deadline ends up without a deal.

This week, market participants are expected to receive an update on American inflation.

Consumer prices report is anticipated to show up on Wednesday. As for producer prices as well as December retail sales figures, they will be uncovered on Thursday.

Besides this, the currency pair USD/CNY rallied by 0.5%.

The Shanghai Composite along with the Shenzhen Component headed north having returned from a week-long Lunar New Year holiday.

On Thursday, China is expected to reveal its latest trade figures. The day after China will uncover its data on inflation.

The currency pairs AUD/USD and NZD/USD tacked on by 0.2%.

This week, the Reserve Bank of New Zealand will uncover its benchmark interest rate.


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