Greenback slumps, pound surges

Greenback slumps, pound surges

On Wednesday, the evergreen buck slumped versus a pack of other key currencies due to the fact the UK currency soared after comments on Brexit by EU negotiator Michel Barnier.

Estimating the US currency’s purchasing power versus its six main counterparts, the USD index headed south to 94.57, which is not far from Wednesday’s one-month minimum of 94.34.

Market sentiment was backed by expectations that Canada will join the fresh trade pact between the Mexico and America aimed at modifying the North American Free Trade Agreement.

However, the new trade deal didn’t do much to show how a trade clash between China and American might develop after negotiations the previous week brought no progress and both countries imposed new reciprocal duties on imports.

The evergreen buck demonstrated minor reaction to data disclosing that American economic surge turned out to be stronger than anticipated in the second quarter, demonstrating 4.2% became financial markets were still focused on geopolitical developments.

The UK currency managed to rally. The currency pair GBP/USD surged by 0.95% hitting 1.3000 right after EU negotiator Michel Barnier told that the EU was ready to offer a partnership with the United Kingdom such as has never been with any other state.

The given remarks relieved worries regarding the prospect of a no-deal Brexit.

The common currency steeply dived versus the UK currency. The currency pair EUR/GBP dipped by 0.87% being worth 0.9006.

The evergreen buck rallied versus Japan’s currency. The currency pair USD/JPY added by 0.25% coming up with an outcome of 111.47.

The common currency was nearly intact versus the evergreen buck. The currency pair EUR/USD showed 1.1693.

At the same time, the Turkish lira went down further versus the evergreen buck on Wednesday, suppressed by everlasting uncertainty as for the diplomatic clash between America and Turkey.



Latest news

Will USD Stop Falling Today? Market Wrap
Will USD Stop Falling Today? Market Wrap

The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong. 

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