He global dollar was struggling to find direction on Tuesday as investors were cautious ahead of Wednesday’s inflation data, while US treasury bonds rose, amid fewer bets on future U.S. interest rate cuts. Federal Reserve (Fed).
He and in was approaching multi-decade lows, keeping traders alert for any hint of intervention after the Ministry of Finance alert that he was analyzing that option days ago.
He dollar closed last week lower, as traders digested disparate economic data, such as an unexpected slowdown in the expansion of US services and growth in the employment in the United States that exceeded expectations.
“You always have to be careful with these payroll numbers (in the United States) because they are very vulnerable to significant revisions over time,” said Guy Miller, from Zurich Insurance Group. “However, they show a still tight labor market,” he told Reuters.
He dollar indexwhich compares the greenback with a basket of six prominent currencies, fell 0.01%, to 104.05 units.
On Wednesday, the inflation March consumer price data in the United States will provide more clues about the path of the Fed’s monetary policy.
He dollar It gained 0.02% to 151.94 yen, still close to the 34-year high of 151.975 yen hit last month, as Japanese authorities continued to try to push the currency higher. The threat of intervention has prevented the US currency from exceeding the level of 152 yen.
He euro improved 0.1% to $1.0869, and the pound sterling It advanced 0.26%, to $1.2687.
Source: Ambito
