Greenback tacks on after Fed minutes

Greenback tacks on after Fed minutes

On Thursday, the evergreen buck generally strengthened versus its main rivals because the latest Fed minutes showed that further interest rate lifts are already in the pipeline. As for Australia’s currency, it went down against the backdrop of domestic political turmoil.

Tracking the greenback’s purchasing potential versus its primary rivals, the USD index managed to add up to 0.34% being worth 95.32. Yesterday, the index reached a minimum of 94.83, which is its lowest outcome since August 8.

The evergreen buck was underpinned after Fed policymakers told they still expect the American economy to further expand at an above-trend tempo, thus justifying further rate lifts.

The Fed minutes also disclosed that officials debated how global trade tensions could impact businesses as well as households.

The key US bank has had rates increased twice in 2018 and it’s anticipated to keep doing so. What’s more, another two lifts are supposed to take place before the years end.

The major US currency got an extra boost from the political crisis in Australia that suppressed the Australian dollar.

Malcolm Turnbull, Australian Prime Minister was clinging to power after several senior government ministers resigned in the face of a leadership downtime in the ruling Liberal party.

The currency pair AUD/USD slumped 0.82% hitting 0.7290, thus re-approaching the nineteen-month minimum of 0.7201 recorded on August 15.

Worries as for political risks surrounding US leader following the criminal conviction of two associates as well as concerns regarding US- China trade clashes also backed safe haven demand for the evergreen buck.

On Thursday, a fresh round of American duties on $16 billion of imports from China came into effect, followed instantly by the Chinese government slapping retaliatory duties on $16 billion of American imports to this Asian country.

The evergreen buck soared against Japan’s currency. The currency pair USD/JPY rallied by 0.22% reaching 110.79.

The currency pair EUR/USD slumped by 0.35% trading at 1.1554.



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