Greenback goes down vs. its rivals

Greenback goes down vs. its rivals

On Monday, the major American currency went down versus its counterparts, suppressed by a stronger UK pound in the wake of upbeat comments on a Brexit deal from the European bloc’s key negotiator Michel Barnier.

Gauging the greenback’s purchasing power versus a pack of its primary rivals the USD index inched down by 0.34% being worth 95.06.

The UK currency reached a five-week maximum versus the US dollar because Barnier stoked investor expectations of Great Britian clinching a Brexit deal, right after he told that it was quite real to achieve a deal within a time frame of 6-8 weeks.

It comes in the face of reports that the European Union is ready to provide Barnier with a mandate to offer concessions for the purpose of striking a deal with the United Kingdom. Eventually, Great Britain is slated to escape from the European Union even in less than seven months. To be exact, it should take place on March 29, next year.

The currency pair GBP/USD managed to gain by 0.85% hitting $1.3026.

Market experts warned that the UK currency has been extremely susceptible to Brexit-related headlines recently and also sudden profits can soon be retraced if there’s no further confirmation.

The currency pair EUR/USD jumped by 0.41% ending up with $1.1600.

The evergreen buck also lost its footing versus the Canadian dollar having sagged from session peaks, although weakness in crude kept profits in the crude-price-sensitive Canadian dollar in check.

The currency pair USD/CAD went down by about 0.05% hitting C$1.3160 from a session maximum of C$1.3198.

The currency pair USD/JPY inched up by up to 0.08% trading at Y111.12. As for AUD/USD, it managed to rally by 0.110% being worth $0.7112.

Additionally, the USD/TRY proceeded with its dive versus the US currency.



What to Trade on August 29 - September 2?
What to Trade on August 29 - September 2?

Last week several important economic updates influenced the Forex market. US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). Below you will find the key events to trade on during the week from August 29 to September 2.

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

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