The United States currency was waiting for the personal consumption expenditure price index, which rose 0.2%.
He US dollar falls once again due to the increase in the price index of the personal consumption expenditure (CPI) of the Department of Commerce that reached 0.2% in September, while the employment rate will be known this weekend; while the presidential elections of USA next week in which they will face the Republican, donald trump and Kamala Harris They also affect its value.
He dollar indexwhich measures the coin against six others, fell 0.1% to 103.97, after its recent rise put it on track for its biggest monthly gains against peers since April 2022.
All eyes were focused on the price index of the personal consumption expenditure (PCE) of USA for September which gave an increase of 0.2% and in the closely watched non-farm payrolls report on Friday.
Economists polled by Reuters estimate that 113,000 jobs were created in October, although the number could be lower due to recent hurricanes. However, the jobs report may be overshadowed in the run-up to Tuesday’s US presidential election.
“To me, a slightly warmer or slightly colder employment number probably won’t change the outlook too much given the upbeat trend in recent economic data,” said Tony Sycamore, market analyst at IG. “It makes sense for me to take some risks and stay out of it” ahead of a week that “will set the tone for the end of the year,” he added.
Some investors have been carrying out operations betting that the Republican candidate donald trump will win, which will help raise the dollar and the returns of the treasury bonds American, although he is still tied with the vice president Kamala Harris in several surveys.
Trump’s plan to implement tax cutslooser financial regulations and higher tariffs is seen as inflationary and could slow down the Federal Reserve on its path to policy flexibility.
In cryptocurrencies, the leading token Bitcoin last traded around $72,185, after reaching a high of $73,609.88 on Tuesday.
Source: Ambito
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