US Dollar index keeps edging up on American upbeat mood

US Dollar index keeps edging up on American upbeat mood

On Friday, the evergreen buck kept tacking on versus other key currencies after the minutes of the Fed’s latest policy gathering along with Thursday’s upbeat data powered optimism as for the strength of the American economy. 

The evergreen buck gained support after on Thursday the US Labor Department informed that initial jobless claims went down by 7,000 hitting 222,000 the previous week versus hopes for jobless claims to about 230,000.

The data showed up just a day after the minutes of the Fed's January policy gathering disclosed that the major bank representatives consider greater economic surge as well as soaring inflation to be justification to keep lifting interest rates step by step.

The evergreen buck had been recently put down by hopes for a faster tempo of monetary tightening outside America that would diminish the evident divergence between the major US financial institution and other major banks.

The U.S. dollar index, traditionally utilized to gauge the major American currency’s value versus a group of six main counterparts, rallied 0.13% hitting 89.78, which is off a one-and-a-half week maximum of 90.17 reached on Thursday.

As for the euro and the British pound, they both slumped, with EUR/USD losing 0.15% being worth 1.2310, GBP/USD rose 0.16% hitting 1.3974.

Earlier official data disclosed that year-on-year euro zone consumer price inflation tacked on 1.3%  in January, which is in line with hopes.

In January, consumer prices dived 0.9% on a monthly basis, which also fit expectations.

In addition to this, the Japanese yen along with the Swiss franc headed south, with USD/JPY adding 0.12% reaching 106.88 as well as USD/CHF gaining 0.16% reaching 0.9339.

The Australian and New Zealand dollars both lost, with AUD/USD decreasing 0.28% to 0.7823 as well as NZD/USD dipping 0.52% being worth 0.7303.

The currency pair USD/CAD was intact reaching 1.2711.




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.

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

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.


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