He global dollar was trading stable this Thursday, awaiting the last important data of the year on consumption and inflationwhich will be published on Friday in state Joined.
Tomorrow the data on the spending of personal consumption in the United States (PCE) and experts believe that the inflation annual rate will slow to 3.3%, its lowest level since 2021. However, as the dollar It has been retreating for weeks and there are already discounted cuts of 150 basis points for 2024 by the Booking Federal (Fed)caution prevented more dollar sales for now.
“It is sensible to make some adjustments to positions and risk reduction before this event,” he said. Christopher Wongof OCBC in Singapore. “Liquidity is becoming tighter as we approach the holiday season, which can exacerbate price movements on any unexpected data,” she added.
A safe haven asset like and in was appreciated, while Japan raised its growth forecast for the fiscal year to 1.6%. The Japanese currency rose nearly 0.2%, to 143.24 units per dollarafter having operated at 142.81, although it has accumulated a decline of more than 8% this year.
He euro was trading flat at $1.0941 and the index dollar It also showed no changes, at 102.40 units, with a decrease of 1% so far this year.
The pound sterling suffered its biggest fall on Wednesday against the dollar in two months, after the inflation in United Kingdom fell below forecasts, to 3.9% annually in October, a two-year low.
The British currency fell 0.7%, to 1.2638 dollars, as operators assumed that the Bank of England will lower interest rates in May, after hitting a one-week low of 1.2618 the day before. Dollars.
The dollar in Uruguay
He dollar increased 0.56% on Wednesday in the Uruguayan exchange market and was quoted at 39,454 pesos, according to data from the Central Bank of Uruguay (BCU), ending a four-day losing streak and moving away from going back to the 38 peso range.
With this increase, the US currency has accumulated an improvement of 0.86% so far this month, although it did not manage to return to 40 pesos, a value that it touched only once in the year. In this way, the dollar It is on track to close a year on the downside, as it has accumulated a depreciation of 1.54% since the end of 2022.
Although days ago it reached around 40 pesos, the global trend suggests that the dollar It will not touch that strip again in 2023 and will not be able to meet the market expectations that predicted a ticket at 40.10 pesos for the last day of the year, according to the latest BCU Economic Expectations Survey.
Source: Ambito
