Online Forex broker
On Tuesday, the US currency slipped a bit versus its counterparts because the common currency managed to stabilize right after partners in the coalition in Germany stumbled over migration and it definitely threatened to have Chancellor Angela Merkel's government ruined.
As for te common currency, it was unchanged, sticking with $1.1626, having lost 0.45% overnight.
On Monday, the common currency had dived right after German Interior Minister Horst Seehofer shocked with his suddent wish to resign, although later it stabilized when his Christian Social Union managed to come to a compromise with Merkel's CDU as for illegal immigration. As a result, the resignation threat vanished.
The evergreen buck was still broadly underpinned. Apparently, trade tensions backed the evergreen buck against a number of commodity currencies, including the Australian dollar as well as emerging market assets whose economies traditionally happen to be extremely vulnerable to any downturns in trade.
Versus a group of key rivals, the USD index slipped by 0.1% being worth 94.955, having rallied about 0.45% the previous day.
Meanwhile, the Chinese Yuan managed to extend its losses on the back of anxiety ahead of July 6, exactly when American duties on exports from China are due to come true.
On Tuesday, the Chinese Yuan managed to rebound nearly 0.6% to its lowest value since August 2017 against the evergreen buck.
As for commodity-linked currencies, including the Australian dollar that has always been sensitive to any shifts in market sentiment toward China approached a 1-1/2-year minimum of about $0.7311.
On Tuesday, the Reserve Bank of Australia holds its monthly policy gathering and it’s generally anticipated to keep rates at about 1.5%, exactly where they have stayed since mid-2016.
Many market participants as well as financial analysts are eager to know whether Australia’s key bank is going to mention trade clashes between China and America or not.
Versus the Japanese yen, the evergreen buck slumped to 110.790 yen.
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?
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
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 00:30:00
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 will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
