In any case, it maintains the momentum of market expectations regarding moderate monetary policy and growth in the US economy.
He global dollar fell this Friday, but remains close to a two-year high, amid bets that the gap between growth in USA and in the rest of the world it will expand, and that chinese values They suffered their biggest weekly drop since 2022.
He dollar index — which measures the performance of the greenback relative to a basket of six other internationally relevant currencies — hit its highest level since November 2022 on Thursday and fell 0.2% to 109 after briefly paring losses after he Institute of Management and Supply (ISM) said that a manufacturing index key rose more than expected to 49.3 last month, the highest reading since March, from 48.4 in November.
He dollar It thus achieved its largest weekly percentage gain since mid-November, with an increase of around 1.4%, and its fifth consecutive week of gains.
He euro rose 0.3% to $1.0296, but closed with its fifth consecutive weekly loss and its biggest weekly percentage drop since mid-November. In front of japanese yen, he dollar weakened 0.23% to 157.15, while the pound sterling strengthened 0.29% to $1.2416.
The U.S. currency rallied late last year as investors bet that the president-elect’s policies donald trump would boost growth and inflation, meaning fewer additional U.S. rate cuts. Federal Reserve (Fed) and higher yields of United States Treasury bondswhile European central banks prepare to continue cutting rates.
While Treasury yields have moved away from their late-December highs (the benchmark 10-year Treasury yield stood at 4.549%, down 2 basis points on the day), the dollar has continued to rise due to concerns about growth elsewhere.
“Apart from the implications of protectionism expected under the Trump administration, we believe that pressure is building due to the increase (in gas prices) caused by the closure of the Ukraine”, explained to Reuters Francesco Pesole, currency analyst ING.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
