He global dollar rose on Wednesday, recouping some of the losses stemming from fresh bets on U.S. interest rate cuts. United States Federal Reserve (Fed) this year.
He dollar indexwhich compares the greenback with a basket of six major currencies, advanced 0.1%, to 105.48 units, above the one-month low reached last week.
He euro It was stable at 1.0752 dollars and gained 0.2% against the Swedish crown, at 11.709 units. The pound was down 0.1% at $1.24995.
In Europethe swedish crown was under pressure after the central bank cut rates and said it expects two more cuts this year, while the pound sterling was stuck in negative territory before the meeting of the Bank of England from Thursday.
For his part, the and in remained at the forefront of currency traders’ attention, weakening for the third day in a row and leading currency authorities Japan to issue a stronger warning about the impact of currency weakness on the economy.
Traders believe that Japanese authorities spent about $60 billion last week to shore up the yen after hitting its lowest level in 34 years against the dollar, around 160 units. Analysts believe that further intervention would only provide a temporary respite, given the wide difference in rates between the United States and Japan.
“If there was a sudden sharp rise in the dollar/yen, I would expect them to intervene in the market to support the yen. But if we continue to see a gradual move higher, I doubt they would intervene, although there is obviously a risk,” said Carol Kong , of the Commonwealth Bank of Australia.
He dollar It gained 0.5% against the yen, to 155.47 units, moving away from last week’s minimum of 151.86, reached after suspicions of intervention.
In Uruguay, on Tuesday dollar rose 0.68% and closed at 38,613 pesos, according to the price of the Central Bank of Uruguay (BCU), so that the note reached its second consecutive rise and reached values that it had not reached since April 26.
The American currency accumulates an improvement of 0.77% so far this month in the local exchange market. If compared to the end of 2023, the depreciation of the banknote reaches 1.05%.
On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 37.45 pesos for purchase and 39.85 pesos for sale. For its part, the preferential value of eBROU dollar It was at 37.95 pesos for purchase and at 39.35 pesos for sale.
Source: Ambito
