USD/BRL: the Brazilian currency just lost 7% of value to the USD
Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
Greenback ascends, as Draghi pressures euro
On Thursday, the evergreen buck managed to ascend versus its counterparts. A weakening euro enabled market participants to purchase the evergreen buck after ECB Governor Mario Draghi repeated that interest rates would be left intact until 2019.
Estimating the purchasing power of the US currency against a bunch of its major rivals, the USD index managed to add 0.46% trading at 94.41.
On Thursday, Draghi confirmed the major bank’s intention to keep interest rates intact at least until the summer of next year.
He also told that market expectations of rate lifts turned out to be aligned enoug with the ECB’s own projections.
It actually confirmed investors’ hopes that the EU’s key financial institution is reluctant to have interest rates lifted until October 2019, thus making the common currency sink versus the US dollar.
The currency pair EUR/USD went down 0.54% reaching $1.1665.
The reports disclosing poor American economic data were unable to tame the greenback's leap due to the fact that market participants were still optimistic on domestic economic surge ahead of second-quarter GDP data.
On Wednesday, the Commerce Department told that core durable goods orders ascended by 0.4% in June, confounding experts’ forecast for a 0.5%.
Meanwhile, the US Department of Labor informed that initial jobless claims soared by 9,000 hitting 217,000, ruining experts’ forecast for a drop to 215,000.
In June, the goods trade deficit of the United States extended to $68.33 billion in June.
The evergreen buck was also underpinned by a sink in the British pound because Brexit-related angst kept putting pressure.
The currency pair GBP/USD headed south by 0.48% trading at $1.3127. The currency pair is still above the minimums observed the previous week, when it slumped below $1.30.
The currency pair USD/JPY soared 0.16% trading at Y111.16, USD/CAD added 0.09% hitting C$1.3059.
Similar
CHF: losing value
USD/CHF and EUR/CHF rose to tactical highs. What's next?
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
Which companies will publish EPS on April 19-23?
In this article, you'll find the list of the hottest stocks to trade on April 19-23, which will publish their earnings!
Citi: strategic change ahead?
While Citigroup reports better-than-expected quarterly data, it is also aims at restructuring its global presence. What will be the impact?
Markets after US retail sales
What's moving markets on Friday? What is the hottest news? Let's find out!
Deposit with your local payment systems
