Greenback pauses after the greatest weekly soar of 2017

Greenback pauses after the greatest weekly soar of 2017

On Monday, the evergreen buck was nearly intact after market participants took profits on its best weekly performance in 2017. However, traders were cautious as for the status of the American economy as well as tax reform plans setting the overall tone.

The US currency popped to an eight-month maximum versus the Japanese yen during Asia trade. Meanwhile, in London investors were more cautious.  

As financial experts explained, the only reason why traders aren’t selling the greenback is uncertainty as for the tax plan progress even although the bond market is actually giving a warning signal.    

The evergreen buck edged up to 14.89 yen, showing its highest reading since mid-March. The currency definitely gained steam having breached technical resistance at levels close to 114.50 yen.

Versus a broader trade-weighted basket of its counterparts, the US currency stood still, sticking to 94.946 having gained 1.3% the previous week.



The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

Latest news

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

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.


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