Greenback steadies after tumble on Trump turmoil

Greenback steadies after tumble on Trump turmoil

On Thursday, the evergreen buck managed to steady, having hit six-month minimums on the latest bout of political turmoil in Washington.

The dollar index tacked on 0.26%, hitting 97.59.

The US Justice Department has already assigned a special counsel for the purpose of probing Russian interference in the American presidential election.

Trump also urged the FBI to cease a probe into ex-national security adviser Michael Flynn's relationships with Russia.

The latest political maelstrom has generated doubt that the Trump administration is capable of delivering on its economic agenda.

Meanwhile, the market odds of a June Fed rate lift have gone down to 60% because American political risk’s actually factored in.

The evergreen buck revived the 111 yen handle, having fallen below that level

Besides this, Japan's GDP tacked on an annualized 2.2% during the first quarter, while deflationary pressures remain in the economy.

Similar

Will the CPI Crash the USD?
Will the CPI Crash the USD?

 The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!

Latest news

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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