Greenback stands tall after sturdy American jobs underpin Fed tightening plans

Greenback stands tall after sturdy American jobs underpin Fed tightening plans

On Monday, the US currency was on solid footing after a bigger-than-expected soar in American jobs suggested the Fed would stick with its tightening plans for the rest of 2017.

American job surge soared more than expected in June, while employers added hours for workers, suggesting the major US bank could stick to its plan for its third interest rate lift this year and start reducing its balance sheet notwithstanding sluggish wage hikes and tepid inflation.

Versus the Japanese yen, the greenback soared 0.2% being worth 114.16, having notched a peak of 114.21, which is its loftiest level since May 11.

The dollar index, gauging the greenback versus a currency basket, didn’t change, keeping to 96.012.

On Friday, the Bank of Japan sought to keep Japanese government bond yields close to its policy objective, performing a special market operation and also lifting the size of its regular JGB purchase operations.


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