
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Thursday, the evergreen buck slumped to an almost four-month minimum versus its counterparts because market participants bet on an everlasting rebound in emerging-market currencies in the face of improve market sentiment in developing economies.
Tracking the evergreen buck’s purchasing power versus its primary competitors the USD index slumped by 0.59% being worth 93.56.
The US currency lost ground versus emerging-market currencies, including the Turkish lira, Argentinian peso and South African rand because traders bet the worst might happen to developing countries.
Weakness in the evergreen buck was further exacerbated by a firmer common currency and sterling notwithstanding little sign that European chiefs had warmed up to the British Prime Minister Theresa May's Chequers offer that sets out regulations, which will govern Britain’s future relationship with the European block after Brexit.
As a matter of fact, EU President Donald Tusk told that the May's suggestions are worthless, although May was still defiant, accusing EU chiefs of using negotiating tactics.
The currency GBP/USD ascended by 0.78% coming up with an outcome of $1.3247 on stronger retail sales data. The currency pair EUR/USD ascended by 0.75% showing $1.1760.
American economic data didn’t do much to back the US currency because the wobble in the housing market resumed, while a major manufacturing report beat estimates.
On Thursday, the Philadelphia Fed told its manufacturing index managed to ascend to an outcome of 22.9 versus September’s outcome of 11.9.
The Commerce Department disclosed existing home sales didn’t change in August from July, to a seasonally-updated annual rate of about 534 million units. Market experts were hoping for a 0.3% jump to 5.35 million houses.
In addition to this, the currency pair USD/CAD managed to dive by 0.12% coming up with an outcome of C$1.2905. As for USD/JPY, this pair added by 0.18% hitting Y112.49.
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
US stock markets started falling, while the US dollar is rising. What to expect from
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
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!