Greenback surges on less dovish remarks from Fed’s Clarida

Greenback surges on less dovish remarks from Fed’s Clarida

On Tuesday, the US dollar ascended after less dovish remarks from Fed Vice Chairman Richard Clarida.

Gauging the purchasing power of the major US currency versus its main counterparts the USD index managed to surge by up to 0.19% being worth 97.16.

On Tuesday, Clarida told that interest rates happen to be neutral. The major financial institution requires taking a gradual approach to lifting interest rates based on data, Clarida told.

As the American economy has shifted to a neighborhood consistent with the US major bank’s dual-mandate goals, risks have become less skewed and more symmetric to the downside than when the current interest rate cycle started three years ago, Clarida told.

The statesman’s remarks helped to underpin the US dollar that often goes up when interest rates are lifted.

Meanwhile, the evergreen buck was kept in check by China-US trade fears after US leader Donald Trump said in his interview with the Wall Street Journal that he won’t probably cease lifting tariff rates on China on January 1.

The greenback managed to go up versus the safe-heaven Japanese yen. The currency pair USD/JPY headed north by 0.11% coming up with 113.71. In hard times, investors are prone to investing in Japan’s currency that is considered a reliable asset for periods of risk aversion.

As for the common currency, it headed south too because of the stronger evergreen buck. As a matter of fact, the currency pair EUR/USD slumped by 0.18% being worth 1.1308.

Additionally, the UK currency was still low. The currency pair GBP/USD went down to 1.2747 after US leader told that the Brexit draft deal appears to be a good deal for the European bloc, backing fears that the United Kingdom won’t be able to trade as easily with his country.




Monday started with volatility
Monday started with volatility

Have a look at the key financial instruments on Monday, February 28. Geopolitics is currently on all news frontlines. Western nations escalated sanctions on Russia for the invasion of Ukraine.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

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.


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