Greenback sticks to 2-week maximums on American budget deal

Greenback sticks to 2-week maximums on American budget deal

On Thursday, the evergreen buck kept staying at two-week maximums versus a currency basket, having inched up in the previous trading session right after American Senate leaders uncovered they had managed to reach a long-awaited two-year budget pact.

Traditionally gauging the US currency’s value versus a group of six key currencies, the US dollar index  edged up 0.12% hitting 90.27, having tacked on 0.71% on Wednesday.

The US currency rallied after on Wednesday, American congressional leaders managed to reach a two-year budget deal for raising government spending by nearly $300 billion. Apparently, the given agreement averted the danger of a probable government shutdown or even a debt default.

The profits in the US currency happened to be just a continuation of the leaps, which emerged amidst the abrupt sink in shares on Friday and also on Monday that saw the Dow Jones Industrial Average report its most impressive single-day point sag.

The downturn in the stock market was launched after firm American wage surge data backed hopes that the key US bank might raise interest rates at a faster tempo than previously anticipated.

The common currency inched down versus the evergreen buck, with EUR/USD descending to 1.2248. It appeared to be the weakest reading since January 23.

The American currency jumped versus the Japanese yen, with USD/JPY edging up 0.26% being worth 109.67.

The British pound slumped versus the greenback and the common currency ahead of the Bank of England’s policy gathering, when it was generally anticipated to keep rates intact. The currency pair GBP/USD hit 1.3862, EUR/GBP showed an outcome of 0.8827.

The New Zealand dollar headed south to one-month minimums overnight because the Reserve Bank of New Zealand decided not to alter its rates, leaving them at record minimums.

NZD/USD hit 0.7201 having dived to 0.7177 previously.


Latest news

Evergreen buck heads north

On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…

Gold ascends on Brexit jitters

On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…

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

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

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