EUR: beating the USD so far
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
Greenback takes breather after soar
On Friday, the evergreen buck tacked on versus a basket of key currencies, having pulled back from one-month maximums reached this week because market participants pondered the Trump administration's tax plan as well as the outlook for Fed policy.
The dollar index, tracking the American currency’s strength versus a basket of six crucial currencies, rallied 0.1% being worth 93.155, going below Thursday's maximum of 93.666, which is its highest outcome since August 18.
For the week, the US dollar index has managed to gain 1.1%, putting it on track for its greatest weekly revenue since December.
The US currency grew this week on renewed expectations for US tax reforms and also comments from Fed Chair Janet Yellen. She drew attention to the necessity for gradual interest rate lifts.
Versus the Japanese yen, the evergreen buck inched up 0.2% being worth 112.57 yen . On Wednesday, the greenback had showed a 2-1/2 month maximum of 113.26 yen.
Similar
EUR supported by the European Commission
The EUR made a significant rise on the news of the stimulus expansion. Will it last long?
NZD/USD: testing tactical support
The Reserve Bank of New Zealand made announcements regarding its monetary policy. The NZD/USD dropped.
Latest news
NFP results: USD/JPY up, gold down
Today's NFP brought us some strong data - how did Forex react?
NFP forecasts from 10 major banks
Today is the big day! Investors are waiting for NFP at 15:30 MT time.
Main market news on June 5
EUR skyrocketed after the ECB statement ,stocks keep rallying, gold froze ahead of NFP
Deposit with your local payment systems
