Greenback is intact as German political deadlock pressures common currency

Greenback is intact as German political deadlock pressures common currency

On Tuesday, the evergreen buck gave back some of its revenues in Asia trade, although remained not far from a one-week maximum versus a basket of major currencies because German political uncertainty kept pressuring the common currency.

Traditionally tracking the greenback versus a basket of six main currencies, the US dollar index slid 0.1% showing 94.036, but still keeping to its overnight high of 94.104, which is its highest reading since November 14.

The euro managed to tack on 0.1% being worth $1.1738, nursing losses after sagging to $1.1722 in the previous trading session after German coalition government negotiations failed.

Angela Merkel, German Chancellor, whose conservative bloc was deprived of seats in September's election, told she would inform the country’s president that she was unable to form a coalition because the pro-business Free Democrats dared to withdraw from talks.

Against the Japanese yen, the US currency dipped a bit demonstrating 112.59, staying above its overnight minimum of 111.89.


Greenback inches up on American import price data

On Tuesday, the evergreen buck managed to surge versus a currency basket underpinned by data disclosing that American import prices tacked on more than predicted in February, driving hopes for a pickup in inflation in 2018…


Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

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