Greenback grows versus pound, euro amid political uncertainty

Greenback grows versus pound, euro amid political uncertainty

On Tuesday, the evergreen buck strengthened versus crucial currencies because the common currency and sterling were suppressed by political uncertainties in the United Kingdom and Eurozone.

Assessing the greenback’s value versus a basket of six counterparts on a regular basis, the dollar index ascended 0.2%, showing 97.659, drifting away from a 6-1/2-month minimum of 96.797 achieved the previous week.

On Monday, American and British markets were unavailable due to holidays, giving traders fewer directional clues.

The British pound sank 0.2%, being worth $1.2816, moving toward a three-week minimum of $1.2775 hit on Friday, while the common currency sank 0.3%, trading at 1.1128.

As for the common currency, it was on the defensive as concerns over Greece's financial situation re-emerged too, after on Monday the country’s finance minister told that its creditors required reaching a deal on debt relief measures at the next gathering of euro zone finance ministers just assist the country in getting back to bond markets.



The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

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