Evergreen buck surges, UK pound dives

Evergreen buck surges, UK pound dives

On Friday, the evergreen buck managed to inch up versus its primary counterparts. At the same time, Britain’s major currency proceeded with its decline in the face of everlasting Brexit worries.

Tracking the American dollar’s purchasing potential against a number of its major rivals the USD index climbed up by up to 0.40% coming up with an outcome of 93.84.

Besides this, earlier in the week, the world’s number two economy, China told that it’s on the verge of imposing fresh duties on American products worth about $60 billion on September 24. The fresh levies happened to be a response to American ones slapped on Monday - 10% on $200 billion in China’s products, which are scheduled to extend to up to 25% at the end of 2018.

Besides this, the evergreen buck managed to rally versus the safe-haven Japanese yen. The currency pair USD/JPY ascended by 0.11% ending up with 112.60 notwithstanding Japan’s inflation that unexpectedly hit a seven-month maximum.  

The UK currency headed south to an intraday minimum after UK Prime Minister Theresa May told that the EU and Britain were at an impasse in Brexit talks, thus generating new worries of a no-deal Brexit. Prime Minister told that negotiations froze after the European bloc rejected Britain’s offers without providing an alternative.

European countries along with the British Parliament are expected to approve any pact before the March 29, which is the official exit date.

The currency pair GBP/USD inched down by 1.43% trading at 1.3071.

The currency pair EUR/USD slumped by 0.29% hitting 1.1742 because of a higher greenback as well as data, which disclosed that the eurozone manufacturing PMI appeared to be lower than anticipated.

The currency pair AUD/USD lost 0.16% reaching 0.7280. As for NZD/USD, this pair added 1.04% trading at 0.6679 following Moody's had the country’s AAA rating reaffirmed.

 

Similar

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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