Don’t waste your time – keep track of how NFP affects the US dollar!

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.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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.

FBS Mobile Personal Area

FREE - In Google Play

View
Evergreen buck is intact after dismal data

Evergreen buck is intact after dismal data

Information is not investment advice

On Thursday, the major US currency rebounded from its unexpected dive following dismal economic data that sparked fears about the strength of the American economy and also backed the Fed’s intention to leave rates on hold in the nearer future.

Evaluating the purchasing potential of the key US currency against its primary rivals the USD index dived to 96.239 following the data prior to reviving to 96.391.

Without volatile items, new orders for durable goods tumbled suddenly in December. Meanwhile, business activity in the mid-Atlantic region demonstrated its outcome since May 2016, as follows from the Philadelphia Fed's monthly poll.

The data actually backs the Fed’s intention to stay patient with regards to interest rate lifts because it weighs surge headwinds, as minutes uncovered on Wednesday disclosed.

Besides this, investors were also awaiting developments on the US-China trade clash, with the world’s two leading economies reported to have already outlined commitments in such areas as services, intellectual property rights, agriculture and currency barriers to trade.  

Versus its Japanese counterpart, the evergreen buck inched down. The currency pair USD/JPY declined by 0.17% hitting 110.65. Japan’s currency is normally sought by market participants as a safe haven in hard times.

In addition to this, the common currency rebounded from earlier maximums. The currency pair EUR/USD added 0.08% concluding the trading session at 1.1344 after the ECB told that near-term surge will be most probably weaker than anticipated.

As for the UK currency, it was intact. The currency pair GBP/USD showed 1.3048.

Aside from that, the currency pair AUD/USD dived by 1% reaching 0.7086 after Westpac bank forecast that the Reserve Bank of Australia would have rates cut twice this year. NZD/USD dipped by 0.6% hitting 0.6809.

Similar

GBP: more stimulus

The Bank of England increased the bong-buying program - the GBP rose. What next?

Popular

Choose your payment system

Learn more

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later