Greenback nurses losses as outlook is still wary

Greenback nurses losses as outlook is still wary

On Monday, the US currency slid versus a trade-weighted basket of currencies, having posted its biggest weekly descend for three weeks as hopes for American rate hikes dwindled further after dismal inflation data.

With Japanese second-quarter surge expanding 1% quarter-on-quarter, powered by soaring consumption as well as capital expenditure, traders stepped in to purchase risky assets after tensions over North Korea.

Revived risk appetite also encouraged market participants to borrow in relatively weak assets such as the greenback and the Swiss franc and invest in the common currency, which turns to be the best performing currency in the G10 FX universe.

Notwithstanding some near-term headwinds for the common currency after the recent soar, it’s set to go up versus the evergreen buck due to the relatively favorable economic outlook.

The common currency grew 0.1% hitting $1.1827 and it was approaching a 2-1/2 year maximum of 1.1910 reached earlier this month.



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