Greenback gains on worries over new American trade levies

Greenback gains on worries over new American trade levies

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.


Monday started with volatility
Monday started with volatility

Have a look at the key financial instruments on Monday, February 28. Geopolitics is currently on all news frontlines. Western nations escalated sanctions on Russia for the invasion of Ukraine.

Latest news

USD Moves Weird Ahead of CPI
USD Moves Weird Ahead of CPI

The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.

The NFP Release: One More Punch for USD?
The NFP Release: One More Punch for USD?

The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

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!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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