Upbeat Fed comments underpin the evergreen buck

Upbeat Fed comments underpin the evergreen buck

On Thursday, positive comments from the US key financial institution at the conclusion of its policy gathering on Wednesday lent support to the evergreen buck. Therefore, the US currency headed north.   

The major American currency gained support right after the Federal Reserve expressed its confidence as for economic surge and inflation in the United States.

The Federal Reserve expects inflation to edge up in 2018. Undoubtedly, it underpins hopes for further interest rate lifts under Jerome Powell, an incoming key bank governor.  

On Wednesday, the Federal Reserve decided not to alter its interest rates. The given decision happened to be rather an anticipated move. By the way, it was the last gathering of the American key financial institution with Janet Yellen as Fed Chair.

The decision arose after ADP payrolls processing company informed that in January the American private sector managed to generate up to 234,000 jobs. The given outcome definitely confounded hopes for a leap of 186,000.

Investors are currently waiting for nonfarm payrolls data to be released on Friday for extra clues on the strength of the American economy.  

Gauging the US currency’s value versus a basket of six crucial assets, the US dollar index headed north 0.16% hitting 89.09.

Besides this the common currency and the British pound inched down, with the currency pair EUR/USD sinking 0.10% to 1.2400. As for GBP/USD, it dived 0.16% showing 1.4168.

The Swiss franc along with the Japanese yen tumbled too, with USD/JPY adding 0.32% to 109.53. USD/CHF gained 0.24% being worth 0.9330.

In addition to this, the currency pair AUD/USD lost 0.48% hitting 0.8017, NZD/USD dived 0.19% to 0.7349.

As the Australian Bureau of Statistics disclosed on Thursday, in December building approvals in this country went down 20.0% versus hopes for a 8% descend.

USD/CAD stood still, sticking to 1.2320.



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

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

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!

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