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.



USD/MXN: optimistic on the vaccine coming?
USD/MXN: optimistic on the vaccine coming?

During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?

Latest news

USD starts the week with gains
USD starts the week with gains

Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.

ECB report is in focus
ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

Deposit with your local payment systems

Learn more

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.


Manager will call your number

Correct number

Your request is accepted

Manager will call your number

Next callback request for this phone number
will be available in {time}

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