Greenback keeps to its 3.5-month peak

Greenback keeps to its 3.5-month peak

On Thursday, the US currency kept close to the peak of three and a half months versus the pack of other leading currencies. It’s because the revenue on 10-year American government bonds stood above 3%.

Showing the purchasing power of the US currency versus the group of six major currencies, the US dollar index accounted for 91.02, which is close to the high of 91.04, the highest outcome since January 12, displayed on Wednesday.

The evergreen buck keeps growing due to the surge in revenue of American government bonds as well as the prospects for accelerating the Fed's interest rate lift in 2018.

A higher interest rate normally acts as support for the US currency, as it makes dollar assets more tempting for profit-seeking traders. This week, the revenue of 10-year American government bonds surpassed 3% for the first time since 2014. That’s an indication of investor confidence in the good future of the American economy.

The evergreen buck dived against the Japanese yen. The currency pair USD/JPY sank 0.11% being worth 109.31 after it managed to renew a maximum of two and a half months of 109.46 during night trades.

The common currency remained stable against the evergreen buck. The currency pair EUR/USD was trading at 1.2167, a bit retreating from a 2-month minimum of 1.2158, recorded on Wednesday.

Market participants are waiting for the verdict of the ECB on monetary policy, which is expected to be adopted at a gathering on Thursday. Investors are eager to know whether the ECB officials became more confident in the estimates on the surge of inflation or not.

According to analysts' forecasts, the ECB is going to keep the interest rate intact and it’s going to keep the plan on continuing the financial incentive program until the end of 2018.

 

Similar

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

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

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.

Callback

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