Greenback keeps tumbling on hawkish major banks

Greenback keeps tumbling on hawkish major banks

On Friday, the evergreen buck kept going down because key banks indicated that the epoch of cheap money was approaching its end in a boon to the euro, the Canadian dollar and the British pound while Asian shares were affected by dismal performances of EU and American markets.

Global stock market indexes are set for more revenues by the end of 2017, powered by an economic revival in the EU as well as bright prospects for Asia. That’s what a Reuters survey of 300 financial professionals disclosed.

The dollar index went down 0.1%, trading at 95.549, braced for a 1.8% dip this week, having sagged in all sessions.

The Korean won lost versus the greenback after the country posted industrial output grew by 0.2% in May from the previous month, missing hopes for surge of 1.5%. It followed a 2.2% sag in April.

Versus the Korean won the greenback soared 0.1%, trading at 1,142.5 won.

The US dollar sank 0.25%, being worth 111.95 yen, having lost 0.2% on Thursday.


Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

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

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