Greenback stabilizes after selloff

Greenback stabilizes after selloff

On Monday, the major US currency soared, drifting away from the previous week's dips versus its major counterparts after North Korea commemorated the anniversary of its founding without conducting any further nuclear or missile tests.

The greenback gained 0.5% versus its perceived safe-haven Japanese rival reaching 108.42 yen, drifting away from a 10-month minimum of 107.32 yen hit on Friday. The Japanese yen tends to derive benefits during times of political and economic uncertainty because of Japan's net creditor nation status.

Evidently, relief over the lack of any further provocative action by North Korea has provoked short-covering in the greenback, as some financial experts state.

Tracking the US currency unit against a basket of six crucial currencies, the US dollar index grew 0.2% hitting 91.522 having skidded to a 2-1/2 year minimum of 91.011 on Friday.

The common currency slid 0.2% reaching $1.2013, having ascended to $1.2092 on Friday.



US Dollar index keeps edging up on American upbeat mood

On Friday, the evergreen buck kept tacking on versus other key currencies after the minutes of the Fed’s latest policy gathering along with Thursday’s upbeat data powered optimism as for the strength of the American economy…

Evergreen buck is at 1-1/2 week maximums on Fed minutes

On Thursday, the main US currency was seen at one-and-a-half week maximums versus a group of key rivals, following overnight revenues after minutes of the Fed’s January gathering underlined hopes for faster lifts in American interest rates…


EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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