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 trades sideways

Evergreen buck trades sideways

Information is not investment advice

On Tuesday, the evergreen buck was trading sideways, having slumped on Monday following remarks from the Fed’s Charles Evans suggesting that there won’t be any change in interest rates for more than a year.

Evans told that he’d be quite comfortable with interest rates frozen where they’re until the fall of 2020, the outcome he thought would assist to ensure that inflation gets back to the Fed’s objective of 2% having dived for the last time.

The major US bank’s adoption of a looser policy stance hasn’t managed to provoke any considerable weakening of the evergreen buck because many other major financial institutions have followed it in giving up any plans for higher interest rates.

Overnight, Australia’s key bank had become the latest central financial institution to cling to an easier monetary policy. As follows from the minutes of the RBA’s recent policy meeting, if inflation didn’t soar from its current levels, and also if joblessness started to jump, then a tumble in the cash rate would probably be appropriate.

Following the news, the greenback went up by about 0.4% versus the Australian dollar.

Estimating the evergreen buck’s purchasing potential versus its main rivals the USD index stood still with a reading of 96.555.

Meanwhile, the common currency stood still, sticking with $1.1307. As for the UK currency, it dived a bit to $1.3090. Besides this, the Turkish lira was still pressured having reached a six-month minimum versus the evergreen buck on Monday.

The RBA’s move followed similar ones by the BoE, BOJ, ECB, and also the Reserve Bank of New Zealand for the last time.

Aside from that, the German ZEW confidence index is going to be uncovered at 05:00 AM ET, while the British March labor market data will be revealed at 04:30 AM.

Similar

Popular

ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

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