Greenback soars, while keeping to 1-month trough

Greenback soars, while keeping to 1-month trough

On Friday, the evergreen buck soared versus other key currencies, although remained within close distance of a one-month minimum. It’s because the minutes of the Fed’s latest policy gathering kept dampening demand for the US currency.

Trade volumes were believed to remain thin enough with American markets working for only half a day on Friday due to Thursday’s Thanksgiving holiday.

The US currency was under deep selling pressure as the minutes of the Fed's most recent gathering demonstrated that some Fed policymakers are still concerned over constantly low inflation.

Additionally, the report disclosed that the major US bank expects to lift interest rates soon.

However, the Fed stressed that economic data will help to determine the timing of future rate lifts. It might hint at a slower pace than anticipated for next year.

The currency pair EUR/USD didn’t change sticking to 1.1844, GBP/USD relieved 0.09% reaching 1.3294. USD/JPY rose 0.24% being worth 111.49.  

Similar

How to trade the JPY?
How to trade the JPY?

Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:

Latest news

The Most Important News For Today
The Most Important News For Today

News is always essential. Especially when we speak about the FOREX market. What is the most important information for today? Let's see together.

Deposit with your local payment systems

Feel the Team Spirit

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.

Callback

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