Greenback dips ahead of fresh American data

Greenback dips ahead of fresh American data

On Friday, the American dollar went down versus other key currencies, drifting away from a recent two-week peak as market participants were preparing for a fresh storm of American data due later in the day, right after upbeat economic reports underpinned US optimism.

The currency pair EUR/USD went up 0.30%, trading at 1.1179, bouncing off last session’s two-week dip of 1.1130, after the IMF along with the euro zone's 19 finance ministers underpinned a payout of €8.5 billion to Greece for the purpose of averting another debt crisis.

The evergreen buck gained broadly after the publication of encouraging data on American initial jobless claims and on manufacturing activity in the Philadelphia as well as New York areas.

The data arose just a day after the Fed lifted interest rates in a highly anticipated move.

The currency pair USD/JPY soared 0.34%, trading at 111.30, while USD/CHF lost 0.25%, being worth 0.9728.

 

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

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