Greenback is stuck near one-month minimum

Greenback is stuck near one-month minimum

On Friday, the evergreen buck fluctuated near a one-month minimum versus a basket of currencies, while commodity currencies, including the Australian as well as Canadian dollars hit two-month peaks due to firmer energy and also metals prices.

The US dollar index versus a basket of six key currencies didn’t change, sticking to 92.602 having dived 0.4% overnight to 92.573, which is its lowest value since November 27.

The US dollar index found itself on track to dive 0.5% this month.

As seasonal trends in the currency market have revealed, the evergreen buck tends to go down after Christmas through the first few days of 2018 before being bought back once again.

A great number of institutional traders close their books at the year-end, which appears to be a deadline for taxation as well as performance reporting, and a time believed to provoke dollar selling pressure.

The US currency lost 0.1 pct, hitting 112.735 yen.


Latest news

Evergreen buck heads north

On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…

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

Beginner Forex book will guide you through the world of trading.

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