Greenback keeps leaping on Fed rate lift

Greenback keeps leaping on Fed rate lift

On Thursday, the evergreen buck jumped because the Federal Reserve had interest rates raised, exactly as anticipated.

Estimating the evergreen buck’s purchasing power versus its primary counterparts the USD index went up by 0.59% being worth 94.43.

On Wednesday, the key US bank had interest rates lifted by a quarter point to 2.25% on. That’s the bank’s third rate lift in 2018 and also the eighth since 2015.

While the rate lift didn’t appear to be a surprise, but it helped to spur the US currency because the key financial institution showed it expected to lift rates for a fourth time in December. What’s more, the key bank is willing to come up with three lifts next year and also in 2020.

The major financial institution didn’t utilize the word "accommodative" when illustrate its monetary policy stance, stressing that the change doesn’t show any change in its path toward improving its monetary policy.

Besides this, the evergreen buck rallied versus the safe-haven yen. The currency pair USD/JPY ascended by 0.50% trading at 113.28.

The common currency headed south to its one-week minimum in the face of worries that Italy’s fresh government would have to postpone a budget meeting scheduled for later in the day, reacting to reports of a row ahead of an emerging deadline to present the budget.

Market participants are also afraid that the government will consider increasing next year’s budget deficit that could make Italy conflict with the European Commission as well as traders who would like to see a deficit cut.

The currency pair EUR/USD reached 1.1669 having dived to 1.1685 previously, which is the lowest value since September 20.

The UK currency slumped because traders were still skeptical of Brexit talks the EU and Britain. The currency pair GBP/USD slumped by 0.46% hitting 1.3104.


USD/MXN: optimistic on the vaccine coming?
USD/MXN: optimistic on the vaccine coming?

During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?

Latest news

USD starts the week with gains
USD starts the week with gains

Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.

ECB report is in focus
ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

Deposit with your local payment systems

Learn more

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.


Manager will call your number

Correct number

Your request is accepted

Manager will call your number

Next callback request for this phone number
will be available in {time}

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