High: Low:
| Spread | 1.07 | Spread (%) | 0.75% |
|---|---|---|---|
| Overnight funding - Buy | -0.0606% | Overnight funding - Sell | -0.02724% |
| Initial margin | 50.00% | Maintenance margin | 25.00% |
| Leverage | 1:2 | Expires daily | No |
| Name | Sell | Sell button / Change | Buy | Change Change | Change Change | Change Change | |||
|---|---|---|---|---|---|---|---|---|---|
| {{item.Name}} | {{item.SellPrice}} | Sell | Buy | {{item.ChangePercentText}} | Trade | ||||
With the US approaching its debt ceiling, investors may be looking for safety in the dollar as the country could fall into default as soon as after the June 1 deadline.
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The U.S. dollar fell 0.6% following Wednesday’s release of the March CPI report and FOMC minutes. The combination of the data led to growing expectations that the Fed could cut rates later in the year.
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Former Goldman Sachs chief economist, Jim O'Neil, has been calling for countries to challenge the US dollar. Brazil and China agreed to trade in their own currencies in a move seen as a step towards rivaling US global economic dominance.
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