Greenback is on defensive

Greenback is on defensive

On Tuesday, the evergreen buck languished close to a three-month minimum versus a basket of key currencies because financial markets reopened in the beginning of 2018. Meanwhile, Asian currencies, including the Chinese Yuan started 2018 on a high note.

The dollar's index versus a basket of six key currencies kept to 92.162. However, on Friday it had dived to 92.080, which is the weakest reading since September 22.

The dollar index has declined more than 9.8% for the whole of 2017, which is the US dollar’s worst annual performance since 2003.

In 2017, the evergreen buck retreated, partly due to the fact that economic surge picked up outside America, with other countries' key financial institutions shifting to tighter monetary policy, thus lessening the perceived divergence between the Fed and others.

The common currency soared 0.1% on the day hitting $1.2018, having ascended 14% last year for its most impressive annual performance since 2003.


Greenback dives to day’s minimums versus yen

On Tuesday, the evergreen buck went down to the day’s minimums versus the Japanese yen, reversing earlier revenues, which emerged right after the head of the BOJ told it remained committed to today’s monetary easing and the bank wasn’t braced for scaling…


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

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