Greenback fluctuates near three-year minimum

Greenback fluctuates near three-year minimum

On Monday, the evergreen buck fluctuated close to three-year minimums versus a basket of crucial currencies, struggling to pull ahead from six straight losing weeks amid its fading yield advantage as well as doubts as for the US government’s commitment to a strong US dollar.

The dollar's index versus a basket of six key currencies was intact, sticking to 89.059, having dropped to 88.429 on Thursday - a three-year sink.

The previous week Steven Mnuchin, US Treasury Secretary gave the US dollar bears a powerful boost with a tacit endorsement of a tumbling dollar. While Donald Trump did his best to have those comments debunked, the damage had already taken place and the evergreen buck’s downturn since November demonstrated little sign of abating.

Against the Japanese yen, the US currency fetched 108.72 yen, which is its lowest result since mid-September, proceeding with its dive so far this month to more than 3%.

Similar

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

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