US currency is almost intact

US currency is almost intact

On Monday, the evergreen buck didn’t change versus a group of other crucial currencies due to the fact that market participants were cautious ahead of a number of major banks gatherings this week, which could potentially help to spot the near-term market direction for currencies.

Assessing the greenback’s purchasing power versus a group of its six key counterparts, the USD index offered an outcome of 94.49, nearly intact, having dived on Friday.

The US dollar slumped, although held near one-week maximums because data disclosing that the American economy ascended at the fastest pace in four years for the second quarter was compensated by worries that trade tensions would serve as a drag on the surge in the second half of 2018.

The data actually underlined hopes that the major US bank would keep raising its interest rates in 2018. However, market experts are concerned that the leap in second quarter surge might not be sustainable.

Financial analysts were looking ahead to the very conclusion of the Federal Reserve’s two-day policy gathering on Wednesday, as they needed another sign that the US main financial institution would have its rate lifted already in September.  

In addition to this, the Bank of Japan is expected to have another meeting on Tuesday in the face of rumors that it’s considering a series of tweaks of its huge asset purchase program.

Additionally, the Bank of England is anticipated to come up with its interest rate verdict on Thursday, and the vast majority of market experts hope for a quarter-point rate leap.  

The evergreen buck stood still versus the common currency. The currency pair EUR/USD hit 1.1657.

Versus the Japanese yen, the US currency rallied. The currency pair USD/JPY added by 0.08% trading at 111.12.

The UK currency didn’t change versus the evergreen buck and the euro. The currency pair GBP/USD showed 1.3107, EUR/GBP hit 0.8890.

 

Similar

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

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Deposit with your local payment systems

Feel the Team Spirit

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.

Callback

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