Greenback is intact with Fed gathering in focus

Greenback is intact with Fed gathering in focus

On Tuesday, the evergreen buck didn’t change versus a basket of main rivals. It’s because market participants waited for the result of the Fed’s gathering on Wednesday, where the major US financial institution was anticipated to uncover the first rate lift of this year.

Estimating the US currency’s value versus a pack of six main currencies, the US dollar index stood still at 89.47.

With a rate lift nearly fully priced in traders will pay attention to indications from the Federal Reserve as for whether market conditions can underpin four rate lifts in 2018, rather than the three it anticipated in December.

A positive evaluation of the American economy by newly-appointed Fed Chair Jerome Powell the previous month powered hopes that a fourth rate lift could be in store.

The major American currency turned to be a bit lower versus the common currency. The currency pair EUR/USD tacking on 0.11% being worth 1.2349.

The common currency was underpinned by renewed hopes that the European Central Bank is relishing a thought of winding down its stimulus measure later in 2018. What’s more, it’s expected to lift interest rates around the middle of 2019.

On Monday, the common currency was spurred right after Reuters informed that ECB representatives are shifting the very focus of their debates from bond buying to future interest rates.

In addition to this, the British pound managed to gain. The currency pair GBP/USD tacked on 0.24% demonstrating a result of 1.4056, which is not far from Monday’s one-month maximum of 1.4087.

On Monday, the UK currency surged after the European Union and the United Kingdom came to a long-awaited agreement on a 21-month post-Brexit transition pact.

The evergreen buck surged versus the Japanese yen. As a result, the pair USD/JPY inched up 0.34% hitting 106.45.



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.

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