Greenback is backed by US data tonic

Greenback is backed by US data tonic

On Wednesday, the evergreen buck hoarded hefty revenues after sturdy American retail data put a Federal Reserve rate lift back on the agenda. Meanwhile, Asian equities grew because tensions in the Korean peninsula relived a bit.

The break in North Korean threat as well as counter-threat turned to be enough for South Korean equities KS11 to gain 0.5%, although they were still short of a record maximum hit the previous month.

MSCI's broadest index of Asia-Pacific stocks tacked on 0.1%, Japan's Nikkei N225 was intact.

On Tuesday, the Dow had concluded with a 0.02% leap. The S&P 500 sank 0.05% and the Nasdaq went down 0.11%.

The US currency rallied to its highest value versus a basket of key currencies for three weeks and it was last keeping to 93.849.

The common currency sank to $1.1736, although it had gained firm support around $l.1686 overnight.

The British pound tumbled too after UK inflation numbers were below forecast, thus breaching major support levels against both the common currency and greenback. The pound last hit $1.2863, having lost 1.1% during the previous session.

Similar

British pound is near day’s maximums on UK retail data

On Thursday, the British pound was near the day’s maximums after data revealed that British retail sales tacked on at a far faster pace than anticipated in November as market participants waited for the outcome of the Bank of England’s monetary policy…

Greenback stands still as traders digest Fed statement

On Thursday, the evergreen buck didn’t change versus other key currencies because financial markets were still digesting the Fed’s fresh policy statement, simultaneously looking ahead to a string of American economic reports due later in the day…

Popular

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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