Greenback declines on Trump’s remarks on Fed

Greenback declines on Trump’s remarks on Fed

On Friday, the evergreen buck slumped after Donald Trump had the Federal Reserve heavily criticized for lifting interest rates, although it was still on target for a second winning week.

Estimating the greenback’s value versus a bunch of key currencies, the USD index slumped by 0.15% being worth 94.84.

Notwithstanding the sag, the evergreen buck happened to be on target for a second winning week, and it has soared over 5% for the last three months on hopes that interest rates are going to ascend.

Trump told that he doesn’t like how the main American financial institution is pursuing its monetary policy now. The Federal Reserve had rates raised twice in 2018, and it’s expected to have them lifted one more time before the end of 2018.

US leader told that he wasn’t thrilled about it at all. He told that the major US bank is used to raising rates each time the American economy goes up. However, this approach makes US products less competitive. Nevertheless, Trumps allows the Fed to do what the bank is believed to be good at.   

At the same time, trade tensions resumed, with the EU anticipated to strike back against America with more duties after the United States slapped duties on aluminum and steel in June. Duties on $3.8 billion of American products have already been slapped by the European bloc.

The greenback dived versus the safe-haven Japanese yen. The currency pair USD/JPY dipped by 0.06% trading at 112.39. In times of uncertainty, market participants tend to purchase Japan’s currency because it’s considered to be a safe-haven asset, which would come in handy when facing hard times.

The UK currency managed to rally. The currency pair GBP/USD gained 0.08% being worth 1.3024. The currency pair EUR/USD added 0.11% trading at 1.1656.



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