Greenback decreases ahead of American data

Greenback decreases ahead of American data

On Friday, the evergreen buck sank versus other key currencies because market participants eyed the publication of American economic reports later in the day and as the minutes of the Fed’s latest policy gathering kept weighing.

The currency pair EUR/USD headed north 0.12%, being worth 1.1222.

The US dollar was still underpinned by Thursday’s better than expected American initial jobless claims data.

The data arose just a day after the minutes of the Fed’s May gathering unveiled that the US major bank intends to unwind its balance sheet towards the end of 2017, probably utilizing a system where cap limits are implemented on how much the Federal Reserve would roll off every month without getting down to reinvesting.

The Federal Reserve also indicated that interest rates could be lifted in the nearer future. In addition to this, he stressed that it would be rational to wait for more American economic data.

Similar

Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

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