Evergreen buck stands still

Evergreen buck stands still

On Friday, the American dollar was intact versus other currencies due to the fact that inflation numbers underpinned continued rate lifts from the key US financial institution.

Evaluating the purchasing potential of the greenback against several primary peers the USD index managed to head north by 0.01% coming up with a result of 96.56, which is not far from over a one-week maximum.

Eventually, the evergreen buck inched down versus its Japanese rival. The currency pair USD/JPY edged down by nearly 0.28% ending up with 113.74. As for the Canadian dollar, this asset headed south. So, the currency pair USD/CAD leapt by up to 0.27% demonstrating an outcome of 1.3189.

In October, the producer price index managed to rally by up to 0.6%, while core PPI headed north by 0.5% from September. By the way, core PPI happens to be a major indicator of underlying producer price pressures, without energy and food costs.

The higher-than-anticipated numbers back the Federal Reserve’s gradual rate increase policy, which helped to boost the evergreen buck. The key US financial institution decided to leave interest rates on hold on Thursday, exactly as anticipated, although the major bank was still on track to proceed with its gradual tightening.

This year the major bank increased American interest rates up to three times. Moreover, it’s also anticipated to make another rate hike in December.

Aside from that, the University of Michigan's consumer sentiment index headed south from 98.6 to 98.3.

The common currency and sterling went down suppressed by the stronger evergreen buck.

The currency pair dipped by 0.11% trading at 1.1351. The UK currency was volatile because of Brexit uncertainty. The currency pair GBP/USD lost 0.11% trading at 1.3048.

Besides this, the NZD/USD slumped by 0.01% showing 0.6754. AUD/USD declined by 0.15% trading at 0.7246.




USD/MXN: optimistic on the vaccine coming?
USD/MXN: optimistic on the vaccine coming?

During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?

Latest news

USD strengthened as optimism waned
USD strengthened as optimism waned

The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.

Stocks up, USD down
Stocks up, USD down

S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.

Deposit with your local payment systems

Learn more

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.


Manager will call your number

Correct number

Your request is accepted

Manager will call your number

Next callback request for this phone number
will be available in {time}

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