Greenback rallies on diving UK pound

Greenback rallies on diving UK pound

On Monday, the evergreen buck tacked on versus its counterparts in the face of concerns about a worsening US-China trade clash and a dip in the UK pound to an 11-month minimum.

Estimating the greenback’s purchasing potential versus a pack of its main rivals, the USD index managed to ascend by 0.14% hitting 95.16.

Chinese state media accused US leader of forcing other countries to sacrifice their own interests in favor of those of America.

The scathing attack on Trump was launched several days after the Chinese government told it would slap tariffs of 20%, 5%, 10% and 25% on American goods worth more than $60 billion if the current US presidential administration followed through on its outrageous threats to slap more radical duties on $200 billion of China’s products.

Recently, Trump has written on Twitter that all imported products should be taxed or manufactured in his country.

Some experts have suggested the strengthening worries over an all-out trade conflict between China and America were backing demand for the US currency because investors bet the American economy, considering its current condition, would fare better in this trade conflict.

Safe-haven demand against the backdrop of soaring US-China trade clashes was restricted because the Swiss franc and the Japanese yen tumbled versus the evergreen buck.

The currency pair USD/JPY tacked on by 0.13% being worth Y111.43, USD/CHF added 0.22% trading at 0.9966.

Additionally, a dip in the UK currency as well as a diving common currency helped the evergreen buck to hold profits.

The currency pair GBP/USD went down by 0.45% reaching $1.2944 because remarks by officials as for a no-deal Brexit spurred worries that the United Kingdom would leave the EU without even securing a trade pact.

The currency pair EUR/USD dipped by 0.05% trading at $1.1562.




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

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

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