Greenback soars on Fed talk

Greenback soars on Fed talk

On Wednesday, the greenback drifted away from 4-1/2-month minimums against a currency basket after solid data backed hopes for more American interest rate lifts this year, while the British pound was knocked by the UK triggering its exit from the EU.

The dollar index, estimating the greenback’s value against six key rivals, managed to grow to 99.751. It crawled off a minimum of 98.858 reached earlier this week, its weakest value since November 11, in the wake of Donald Trump's failure with his healthcare reform bill.

The healthcare failure reform drove doubts that Trump would be able to carry out his fiscal stimulus as well as tax cuts, and weighed the greenback to 110.11 yen, its lowest outcome since November 18.

Besides this, US Federal Reserve Vice Chairman Stanley Fischer also gave the greenback a lift as he stressed in a television interview that two more hikes to American overnight interest rates this year seemed right.


Latest news

US PCE May Soar Soon
US PCE May Soar Soon

The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.

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