Dollar decreases when demand for safe asset decreases
The dollar price drops on Thursday when the demand for safe assets decreases after having information on the NAFTA agreement which reduces the strain on global trade.
USD index, the dollar strength measurement compared to the basket of 6 major currencies, reduced 0.03% to 94.57 at 1:45AM ET (0545GMT). The index has a slight increase compared to the lowest 4 weeks, 94,434 on Tuesdays.
Green Silver bronze, often regarded as a safe asset in a few months recently, has been declining in force this week with the increase in risk pallor in the outside US markets, when Canada participated in the NAFTA negotiations on Thursday after the US and Mexico Announces bilateral agreement of the week.
The Foreign Minister Chrystia Freeland had said that negotiations with the United States were "very hot moments" and that she was towards the compromise of "the same victory" for the two parties, while the U.S. president said that he believed Canada "would love to reach an agreement".
The pound grew after the European bloc was reliving the hope of a Brexit agreement, which was also regarded as a reverse wind to the dollar.
Meanwhile, the U.S. raised the number of schools in the second quarter reaching the strongest level for 1 decade, the figure is 4.2% per year.
The market has forecasts that the FED will raise interest rates in September 9 and 12 months after the FED chairman posted at Jackson Hole last week and launched the perspective to defend the interest rate increase, he added that he expects the increase to be slow but Slowly inflation is about to reach the target level of 2%.
The USD/CNY rate rose 0.2% to 6.8386 while USD/CNH rose 0.3%. The average volume of transactions of the foreign NDT measured in dollars on the CBOE Global Markets record reached 1.7 billion in 7 months, from 421 million in the previous year. In addition, EBS Market, NEX Group PLC's foreign exchange trading system, also records the NDT currency transactions at the record highs last month, overcoming the old record 17%.
The AUD/USD rate fell 0.4%, while the NZD/USD rate fell 0.9% after the data showed business trust levels decreased in Aug.
The USD/JPY rate was reduced by 0.05% and 111.65 Thursday.
USD index, the dollar strength measurement compared to the basket of 6 major currencies, reduced 0.03% to 94.57 at 1:45AM ET (0545GMT). The index has a slight increase compared to the lowest 4 weeks, 94,434 on Tuesdays.
Green Silver bronze, often regarded as a safe asset in a few months recently, has been declining in force this week with the increase in risk pallor in the outside US markets, when Canada participated in the NAFTA negotiations on Thursday after the US and Mexico Announces bilateral agreement of the week.
The Foreign Minister Chrystia Freeland had said that negotiations with the United States were "very hot moments" and that she was towards the compromise of "the same victory" for the two parties, while the U.S. president said that he believed Canada "would love to reach an agreement".
The pound grew after the European bloc was reliving the hope of a Brexit agreement, which was also regarded as a reverse wind to the dollar.
Meanwhile, the U.S. raised the number of schools in the second quarter reaching the strongest level for 1 decade, the figure is 4.2% per year.
The market has forecasts that the FED will raise interest rates in September 9 and 12 months after the FED chairman posted at Jackson Hole last week and launched the perspective to defend the interest rate increase, he added that he expects the increase to be slow but Slowly inflation is about to reach the target level of 2%.
The USD/CNY rate rose 0.2% to 6.8386 while USD/CNH rose 0.3%. The average volume of transactions of the foreign NDT measured in dollars on the CBOE Global Markets record reached 1.7 billion in 7 months, from 421 million in the previous year. In addition, EBS Market, NEX Group PLC's foreign exchange trading system, also records the NDT currency transactions at the record highs last month, overcoming the old record 17%.
The AUD/USD rate fell 0.4%, while the NZD/USD rate fell 0.9% after the data showed business trust levels decreased in Aug.
The USD/JPY rate was reduced by 0.05% and 111.65 Thursday.
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