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what place did it occupy in the ranking of coins

what place did it occupy in the ranking of coins

The US economy showed good performance and regional currencies They lost ground after uncertainty over the Federal Reserve’s interest rate cycle.

In the case of Bloomberg Dollar Index Spot, which compares the US currency with a basket of world currencies, this has also reflected the strength of the dollar in the world, going from 101.33 points on December 29, 2023, to 106.30 points on April 30, 2024that is, an advance of 4.90% in this period.

In April, the Latin American currencies most depreciated against the dollar were the Colombian peso (-1.41%), followed by the Paraguayan guaraní (-1.44%), the Argentine peso (-2.17%), the brazilian real (-2.66%) and the Mexican peso (-3.11%). Only the Chilean peso (2.56%) and the Dominican peso (1.32%) experienced appreciations.

The most depreciated are the Peruvian sol (-1.65%), the Paraguayan guaraní (-2.89%), the Brazilian real (-6.47%), the argentine peso (-7.78%) and the chilean peso (-8.47%).

After the dollar strengthened, the only currencies that are appreciating so far among the main regional markets are the Costa Rican colon (3.10%) and the Uruguayan peso (1.60%).

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In the case of Bloomberg Dollar Index Spot, which compares the US currency to a basket of world currencies.

Fed Rate Expectation

The United States Federal Reserve kept interest rates stable on Wednesday and signaled that he remains leaning toward an eventual reduction in borrowing costs, but warned about recent disappointing inflation readings and suggested possible stagnation in the movement toward greater balance in the economy.

In fact, the president of the Fed, Jerome Powell He said it was likely to take longer than expected for central bank policymakers to build the confidence needed to kick-start interest rate cuts.

“Inflation remains too high,” Powell said at a news conference after the meeting. “Further advances to lower it are not assured and the path forward is uncertain.”

“Achieving greater trust is likely to take longer than anticipated”he added.

However, Powell said he still expects inflation to soften throughout the year. “That’s my prediction,” he said. “I think my confidence in that is lower than it was because of the data we’ve seen.”

Source: Ambito

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