Greenback slumps vs. counterparts ahead of American GDP data

Greenback slumps vs. counterparts ahead of American GDP data

On Friday, the greenback decreased versus other key counterparts because recent comments by the Fed kept weighing. Moreover, traders were still waiting for the publication of second-quarter surge data due later in the day.

The currency pair EUR/USD gained 0.15% trading at 1.1694, which is not far from Thursday’s two-and-a-half year maximums of 1.1777.

The Fed’s cautious tone on inflation generated fresh uncertainty over the likelihood of a third rate lift in 2017.

The major US bank also told that it expected to start shrinking its balance sheet in the nearer future, thus powering hopes for an announcement already in September.

The currency pair GBP/USD gained 0.17% trading at 1.3088, drifting away from last session’s 10-month maximum of 1.3159.

USD/JPY tumbled 0.31% being worth 110.91.

Meanwhile, in June, Japan’s household spending soared by 1.5%, ruining expectations for a 0.1% sag.

Similar

Euro goes down in Asia as Germany coalition negotiations fail

On Monday, the common currency dived in Asia because German Chancellor Angela Merkel told that she would meet the German president for the purpose of informing him that she hadn’t managed to form a coalition government with the Greens as well as the…

Greenback goes down on tax jitters

On Friday, the evergreen buck modestly dived versus other key currencies, as everlasting uncertainty over the fate of a key American tax reform plan as well as worries over an investigation into Trump's presidential campaign put pressure…

Popular

promotions you can be interested in

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