Greenback is firm, although its funding costs head north ahead of year-end

Greenback is firm, although its funding costs head north ahead of year-end

On Monday, the evergreen buck was nearly intact versus other key currencies in holiday-thinned trade, while the cost of swapping the Japanese yen for the US currency leapt because financial institutions scrambled for raising dollars for the year-end period.

The greenback showed 113.30 yen in Asian trade, hardly getting traction from positive American economic data issued on Friday.

American consumer spending speeded up in November, while shipments of major capital goods orders soared for the 10th straight month.

In November, the Fed’s preferred inflation measure, which is the personal consumption expenditures price index excluding volatile energy and food prices, added 0.1% for an annual soar of 1.5%, speeding up from 1.4% in October.

The data actually assisted in pushing the two-year American yield to a nine-year maximum of about 1.899% and also dollar interest rate futures to price in more than two rate lifts in 2018 for the first time.


Greenback edges down

On Monday, the evergreen buck slumped versus a currency basket, having reported its greatest weekly revenue for a month the previous week because market participants shifted their attention to American retail sales outcomes for June later in the trading…


Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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