Online Forex broker
On Thursday, the evergreen buck was nursing losses at 13-month minimums versus a basket of the other crucial currencies after the Fed’s fresh policy statement indicated that it might not lift interest rates again in 2017.
The US dollar index, tracking the US currency’s value versus a trade-weighted basket of six crucial currencies, reached 93.33, having hit a minimum of 93.00 overnight, which is the weakest outcome since June 2016.
This month the index has dropped approximately 2% so far and it has lost nearly 8% for the year to date.
On Wednesday, the Fed told that US inflation is still below its 2% objective even as near-term risks to the economic outlook are quite balanced. Previously, the major US bank ascertained that weakness in inflation should be regarded as transitory.
The more cautious tone on inflation powered worries that the Fed won’t hurry to lift rates before the end of 2017.
The greenback stood still versus the Japanese yen, with USD/JPY sticking to 111.23, which is not far from the five-and-a-half week minimum of 110.61 hit on Monday.
As for the common currency, it was a bit lower with EUR/USD demonstrating 1.1720, having soared to maximums of 1.1777 overnight, which is the strongest outcome since January 2015.
On Friday, the evergreen buck slumped after Donald Trump had the Federal Reserve heavily criticized for lifting interest rates, although it was still on target for a second winning week…
American multinational companies get down to reevaluating their currency hedging strategies following a leap in the evergreen buck for recent months because the impact of the stronger US currency starts influencing second-quarter corporate profits…
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
