Greenback stabilizes, still in sight of 2-month minimums

Greenback stabilizes, still in sight of 2-month minimums

On Tuesday, the evergreen buck declined versus a basket of the other key currencies, although remained in sight of two-month minimums because market participants were still cautious ahead of a probable Senate vote on an American tax plan later in the week.

The U.S. dollar index, tracking the US currency’s value versus a trade-weighted basket of six crucial currencies, hit 92.86, having tumbled to 92.43 on Monday, which is the lowest outcome since September 26.

Worries as for probable delays in the implementation of a key tax overhaul along with tax cuts have suppressed the evergreen buck in recent weeks.

The US currency was nearly intact versus the common currency, with EUR/USD hitting 1.1905, trading below the two-month maximum of 1.1960 reached on Monday.

Demand for the common currency was still backed after data the previous week pointed to firm surge in the euro zone – it helped to overcome traders’ worries over political uncertainty in Germany.

 

Similar

Bitcoin futures overleap $18,000

On Monday, the world’s craze for cryptocurrencies entered a fresh chapter as bitcoin futures shockingly ascended by one-fifth of their market value at a closely-monitored launch…

Greenback adds in Asia as markets look to Fed

On Monday, the evergreen buck managed to grow in Asia because financial markets looked ahead to the Fed this week – the key US bank is generally anticipated to have its rates lifted…

Greenback is at 2-1/2 week maximums

On Friday, the US currency was hovering over a two-and-a-half week maximums versus other key currencies, amid mounting optimism as for a crucial US tax reform plan…

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

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