Greenback is at 1-month minimum as Fed and trade worries put pressure

Greenback is at 1-month minimum as Fed and trade worries put pressure

On Thursday, the evergreen buck dived to one-month minimums versus a currency basket right after the key US bank lifted interest rates, although stuck to its estimate for two more lifts in 2018, while concerns over heightened trade tensions put pressure too.

Estimating the greenback’s value versus a pack of six key currencies, the US dollar index declined 0.26% coming up with 89.06, thus demonstrating its lowest result level since February 19.

The US dollar index dived 0.74% on Wednesday, which is its greatest one-day dive since mid-January.

Some market participants had expected the key American bank to project three more rate lifts in 2018 so the decision to stick to its estimate for two extra lifts was considered by some to be less hawkish than anticipated.

Fed policymakers ramped up their 2019 projection to up to three hikes from the two initially foreseen in December. Additionally, they indicated that they could have rates lifted at a bit more hawkish tempo in coming years with the aim of keeping the strengthening US economy from overheating.

The evergreen buck was also suppressed because the threat of a US- led trade conflict affected financial markets.

Donald Trump was supposed to uncover $60 billion in fresh duties on Chinese imports a bit later in the day. The current presidential administration already imposed duties on American aluminum as well as steel imports earlier in March.

Market participants are actually concerned that key American trade partners could roll out the same measures, threatening the outlook for global surge.

The common currency tacked on to one-week maximums versus the American currency. The currency pair EUR/USD headed north 0.33% being worth 1.2379.

The evergreen buck approached two-week minimum versus the Japanese yen. The pair USD/JPY declined 0.31% ending up with 105.7


Will the CPI Crash the USD?
Will the CPI Crash the USD?

 The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

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!

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