Greenback drifts away from minimums, while still wobbly as hawkish key banks help peers

Greenback drifts away from minimums, while still wobbly as hawkish key banks help peers

On Monday, the evergreen dollar drifted away from a nine-month minimum versus a basket of major currencies, though remained quite shaky as signs that major banks in the EU were moving away from accommodative monetary policies kept the common currency and sterling backed.

The dollar index versus a group of six crucial currencies surged 0.1%, showing 95.729, crawling away from a nine-month dip of 95.470 hit on Friday.

The US dollar struggled the previous week because hawkish comments from key bankers powered hopes that the ECB, BoE and Bank of Canada would get down to tighter monetary policies.

The greenback gained 0.1%, trading at 112.435 yen, having dipped to 111.900 earlier before rapidly rebounding.

The currency market is currently paying more attention to monetary policy changes in the EU and other regions. The fact that the BoE and BOC are rushing to stabilize their monetary policies turned to be a big surprise the previous week.

Similar

US Dollar index keeps edging up on American upbeat mood

On Friday, the evergreen buck kept tacking on versus other key currencies after the minutes of the Fed’s latest policy gathering along with Thursday’s upbeat data powered optimism as for the strength of the American economy…

Evergreen buck is at 1-1/2 week maximums on Fed minutes

On Thursday, the main US currency was seen at one-and-a-half week maximums versus a group of key rivals, following overnight revenues after minutes of the Fed’s January gathering underlined hopes for faster lifts in American interest rates…

Popular

EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

promotions you can be interested in

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