He dollar index rose 0.2% this Thursday, to 104.23, after reaching 104.60 on Monday, but remained below the 12-week highs, as traders digested the comments from the United States Federal Reserve (Fed) that suggested rates would remain high for longer.
He euro It was down 0.1% at $1.0761, remaining above its lowest level since Nov. 14, at $1.0722, reached on Tuesday. The pound sterlingmeanwhile, fell 0.2% to $1.2602.
In Asia, the and in fell 0.7% against the dollar, to 149.18, its lowest level since November 27, while the yuan Chinese currency remained stable at 7.2169 per dollar, despite the inflation fell in January at its steepest rate in more than 14 years.
On Wednesday, several Fed officials gave a number of reasons for feeling little urgency to begin easing monetary policy in the United States soon. “Central banks have to be convinced that inflation will not just go down, but stay low,” said Colin Asher, chief economist at Mizuhoto Reuters.
Depending on the tool FedWatch of CME Group, the market values around 20% the probability that the Fed start cutting rates in March, which represents a significant decline since the beginning of the year, and around 60% the possibility of a 25 basis point reduction in May.
In the foreign exchange market Uruguayhe dollar It closed on Wednesday almost unchanged with a modest increase of 0.01%, trading at 39.073 pesos, which represented just 0.005 pesos more than the previous day.
The US currency has accumulated a decrease of 0.23% so far in February and a cumulative increase of 0.13% so far this year.
Source: Ambito
