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.  


Greenback inches up on American import price data

On Tuesday, the evergreen buck managed to surge versus a currency basket underpinned by data disclosing that American import prices tacked on more than predicted in February, driving hopes for a pickup in inflation in 2018…


ECB Meeting

Traders are impatiently waiting for the European Central Bank’s meeting on October 26…


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