Evergreen buck trims gains vs. its counterparts

Evergreen buck trims gains vs. its counterparts

On Tuesday, the evergreen buck managed to trim profits versus its opponents, suppressed by a steep ascend in the UK currency on renewed expectations for a breakthrough in Brexit negotiations.

Gauging the greenback’s purchasing potential versus its main opponents the USD index surged by 0.02% demonstrating a reading of 95.43.

A rally in the UK pound put the evergreen buck on the back foot as investors welcomed a report telling that the EU and Britain demonstrated progress in Brexit negotiations weeks before the decisive EU Summit in October.

The European bloc and the United Kingdom were probably close to coming to a compromise as to divorce terms already on Monday, although some differences on the Ireland border were still an issue, as Dow Jones Newswire informed, referring to diplomats. The  United Kingdom and the European Union are reportedly doing their best to agree on an outline of a future trade pact by November.

As a matter of fact, the currency pair GBP/USD managed to head north by up to 0.3% demonstrating a reading of $1.3129 having declined to $1.3033 intraday.

Eventually the rosier backdrop for Brexit negotiations is going to be enough to keep the UK currency bid for now, as some financial analysts pointed out.

The currency pair EUR/USD slumped by about 0.12% hitting $1.1478 because lingering worries over the budget issue between the European Commission and Italy kept the common currency on the back foot.

The currency pair USD/CAD went down by 0.05% reaching C$1.2958 because soaring crude prices backed the oil-price-sensitive Canadian dollar.

The currency pair USD/JPY went down by 0.12% trading at Y113.08 because US-Japan bond yield differentials were seen narrowing, backing Japan’s currency after the 10-year US Treasury yield rebounded intraday from a fresh seven-year maximum above 3.25%.




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

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