US dollar still at the bottom depressed by officials' statements

Posted 25 January, 2018

The US dollar price has been near the 3-year bottom against other main currencies on January 25. The current greenback dynamics is related to the recent statement of the US Finance Minister as well as fears summoned by Donald Trump's speech at Davos-based World Economic Forum.

The market was steadily unstable given that the White House said that Donald Trump was going to highlight America First policy via his address in Davos.

Specifically, Trump's policy can involve a pull out of the North-American free trade agreement and refusal from signing Paris climate treaty.

Extra pressure on the US dollar came from the statement of US Finance Minister stating positive impact from the slack dollar on American commerce sector.

The US Dollar index plunged 0.18% in the course of the day touching the bottom over the past 3 years at 88.85.

In this situation, the euro-to-US dollar exchange rate soared to 1.2427, which is the highest level over a 3-year period. Investors await results of the meeting of the European Central Bank.

The sterling has improved vs the US dollar by 0.17% today to 1.2464, which is also an all-time record observed over 19 months.

AUD and NZD strenghtened vs the US dollar to 0.8080 and 0.7361 respectively.

The USD-CAD pair weakened to 1.21315.

Previous story

25 January, 2018 16:48

← Euro rate soars to new all-time record

The euro has reportedly reached new all-time record vs the US dollar over the past 3 years. The driver for the jump was the message of the head pf the European Central Bank about stable economic growth with a probable escalation of the inflation in the mid-term. Specifically, the euro rate hiked to $1.2524. The European Central Bank confirmed its ultra-soft monetary policy.

Euro rate soars to new all-time record

Next story

25 January, 2018 14:36

Main cryptocurrencies post gains →

The main cryptocurrencies have increased in price on Thursday is driven by the fears of crypto trading tightening. Specifically, the Bitfinex recorded bitcoin at $11,320.00 and the Ethereum – $1,071. Ripple changed hands on the Poloinex at $1.33. In the first half of the week, the market witnessed selloff series given Seoul's statement about the ban on anonymous accounts for...

Main cryptocurrencies post gains
Write a comment
 
Prove you’re not a bot + 14 = 32