Greenback is at 11-month peak

Greenback is at 11-month peak

On Thursday, the evergreen buck kept to an 11-month maximum versus the group of major currencies. The US currency was underpinned by the surge of American Treasury revenue, while the UK pound was struggling to overcome the lowest value since November 2017 before the BoE’s monetary policy verdict.

The USD index versus a bunch of six main counterparts amounted to 95.11, having soared to 95.299 yesterday, which appears to be the highest outcome since mid-July 2017.

Backing the greenback, the Treasury's long-term revenue rebounded from the three-week minimum on Wednesday because the risk aversion that strengthened earlier this week in the face of trade tensions between China and the United States receded.  

Treasury profits were also backed by remarks by Fed Chair Jerome Powell, who told that the key US financial institution should keep gradually lifting interest rates.

The British pound managed to get away from the seven-month minimum after UK Prime Minister Theresa May had a decisive parliamentary vote on Brexit won, thus averting an uprising, which could potentially undermine her credibility.

However, the rebound of the UK currency happened to be quite limited on the eve of the gathering of the Bank of England a bit later today. Financial experts expect the Bank of England to keep the interest rate intact, and the statement of the major financial institution of Great Britain won’t bring surprises.

Meanwhile, the New Zealand dollar kept going down, sagging below the monthly low that to some extent managed to contribute to the data on New Zealand's GDP for this year’s first quarter.

New Zealand’s GDP for the first three months of this year tacked on by 0.5%. The given outcome appeared to be in line with hopes, although it was lower than the previous reading of about 0.6%.


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

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

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