Traders looked to August inflation data, which hints at a smaller Fed rate cut.
He global dollar mixed operation after the first debate between the presidential candidates in United States, Kamala Harris and Donald Trump, and in light of the increased chances that operators see regarding a re-election of the Democratic Party through the current vice president. Uruguay, Meanwhile, the currency reached a new high in almost two years.
He dollar index, The index, which measures the greenback’s performance against a basket of six major currencies, rose 0.8 percent after the first presidential debate before the November election, while the euro fell 0.04 percent to $1.1015.
“You would expect that if he (Trump) was doing better, we would see a dollar strong coming out of this. So I guess that’s how the market sees it. It’s a slight tilt towards Harris,” he told Reuters Rob Carnellregional head of research at ING for Asia-Pacific.
The consumer price index (CPI) of Department of Labor The annual inflation rate fell 0.4 percentage points to a weaker-than-expected 2.5 percent. The core measure, which excludes food and energy, posted a stronger-than-expected monthly increase of 0.3 percent and an annual increase of 3.2 percent.
“The inflation report gave something to the bears and something to the bulls,” he said. Chuck Carlsonmanaging director of Horizon Investment Services in Hammond, Indiana.
Meanwhile, the Japanese Yen strengthened 0.04% against the dollar to $142.40 per dollar, while the pound was last trading at $1.3042, down 0.28% on the day.
The dollar soared in Uruguay and broke the annual record
In Uruguay, he dollar rose 1.46% compared to Tuesday, closing at 41.027 pesos in the interbank quote. Central Bank of Uruguay (BCU), after chaining together its fourth consecutive rise to reach a new maximum value in almost two years and flying non-stop to the 41 pesos range.
The US currency has now accumulated a monthly variation of 1.72% and an annual variation of 5.14%, since its price was 2.01 pesos above the one registered after the closing of the last exchange day of last year.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
