Greenback stands still, pound sags before UK election

Greenback stands still, pound sags before UK election

On Thursday, the evergreen buck stood still after some poor American economic data overnight.

The US dollar index, soared 0.07%, being worth 96.98.  Nevertheless, the US dollar was backed by hopes for a Fed rate lift in June.

This month the markets odds of a rate lift keep to 85%.   

On Thursday, John Williams, Fed member repeated his view of three rate lifts in 2017.

Market participants are currently waiting for ADP nonfarm payroll data in the session ahead of official jobs report on Friday.

The greenback soared 0.20%, hitting 111.00 yen. Meanwhile, the British pound lost 0.30%, being worth $1.2851 as one survey suggested Tories could be deprived of majority in June 8 general election.

The common currency stood still, keeping to $1.12.

The Australian dollar sagged after the May Caixin PMI demonstrated that Chinese manufacturing went down for first time for 11 months.

As for the Yuan, it hit levels last observed in November on hopes for PBOC support.

 

Similar

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

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

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