
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Wednesday, the evergreen buck jumped because fears strengthened that US leader might soon power an everlasting trade conflict with China by slapping duties on more China’s products.
American leader could slap levies on $200 billion more of China’s goods right after a public comment period on the fresh levies is over on Thursday. However, it’s not clear how rapidly it’s going to take place.
Market participants demonstrated high loyalty to the safe-haven US currency. As a result, it managed to jump versus key counterparts just like the UK pound and the euro.
The US currency was also backed by positive American indicators that justified further interest rate lifts by the key US bank.
Estimating the greenback’s purchasing potential versus a number of its main rivals, the USD index tacked on by up to 0.1% showing 95.442, which is not far off a two-week maximum of 95.737 hit during the previous trading session.
A downtime in Turkey’s currency as well as the US-China trade conflict have made the evergreen buck a safe haven for many traders looking for a reliable shelter. By the way, US leader is interested in the strong greenback, hoping it will put pressure on America’s foes.
Since Tuesday, the evergreen buck has managed to jump over 2% versus the South African rand as well as the Argentine peso. Moreover, it rallied more than 1% versus Colombian and Mexican pesos.
This year the evergreen buck has jumped versus every key currency except Mexico’s one and the Japanese yen. However, some market experts are assured that the evergreen buck might slump by the end of this year.
Besides this, the common currency dipped by 0.1% hitting $1.1597, while the UK currency slumped by 0.2 demonstrating a reading of $1.2827.
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
US stock markets started falling, while the US dollar is rising. What to expect from
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
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!