Greenback rallies before Fed

Greenback rallies before Fed

On Thursday, the evergreen buck ascended versus a group of its opponents because traders focused on a monetary policy announcement from the key US bank, while the British pound was still backed above the 1.30 level due to Brexit optimism.

Estimating the purchasing potential of the American currency versus its primary peers the USD index managed to rally by up to 0.18% showing 95.98.

The evergreen buck regained ground having dived in the previous trading session because the likelihood of gridlock in the US government in the wake of midterm elections might greatly tame Donald Trump’s legislative agenda.

In 2018, the major American currency has generally ascended, backed by a firm domestic economy, soaring interest rates as well as the effects of American fiscal policy.

The primary US financial institution was generally anticipated to leave interest rates intact later on Thursday, with another rate lift expected in December. However, its views on the American economic outlook could have markets moved.

The evergreen buck managed to ascend versus the Japanese yen. The currency pair USD/JPY gained 0.14% ending up with a result of 113.68.

The common currency was nearly intact versus the American dollar. The currency pair EUR/USD demonstrated 1.1432.

Besides this, in the euro zone, reports disclosed that German exports managed to go down by about 0.8% in September. It appeared to be the greatest dive since February. Moreover, the report contributed to fears that the euro zone’s number one economy is being affected by global trade clashes.

Demand for the UK currency was still backed by hopes for a Brexit deal between the United Kingdom and the European bloc. As a result, the currency pair GBP/USD was seen at 1.3135.

Against the common currency the UK pound was at five-month maximums. The currency pair EUR/GBP hit 0.8701, which is the weakest value since May 30.





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

Bearish Signal For The USD
Bearish Signal For The USD

XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!

News for The Week
News for The Week

US stock markets started falling, while the US dollar is rising. What to expect from

Deposit with your local payment systems

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!

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