Greenback rebounds ahead of Fed gathering minutes

Greenback rebounds ahead of Fed gathering minutes

On Wednesday, the evergreen buck rebounded, thus snapping three weeks of dives as market participants looked ahead to the minutes of the Fed’s December gathering later in the day.

Assessing the greenback’s value versus a trade-weighted basket of six key currencies, the US dollar index ascended 0.19% hitting 91.73, drifting away from Tuesday’s three month minimums of 91.47.

The US dollar index concluded 2017 down 9.8%, which appears to be the biggest annual percentage sag since 2003.

The US currency sank in 2017 because the global economy gained momentum driving hopes for tighter monetary policy in other countries that would lessen the divergence between the Federal Reserve and other major financial institutions.

The common currency dived after a soar spurred by hopes that the European Central Bank is going to start winding down its stimulus program later in 2018. The currency pair EUR/USD lost 0.27% hitting 1.2026.

Similar

Evergreen buck stabilizes versus yen

On Wednesday, the evergreen buck managed to stabilize versus the Japanese yen because the revenue of American Treasuries rebounded from the minimums provoked by worries over the worsening trade relations between China and the United States, although the…

Greenback hits a multi-month high

On Tuesday, the evergreen buck managed to ascend to a maximum of 11 months, while the common currency went down after American leader Donald Trump threatened to put fresh tariffs on the import of China’s goods, driving traders’ worries that a trade…

Evergreen buck jumps

On Monday, the evergreen buck managed to leap versus other key currencies in the face of a divergence of monetary policies of the United States and the European Union…

Popular

Deposit with your local payment systems

Callback

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