The US currency ended a five-day rising streak after signing a 0.34% decline this Friday.
He global dollar fell 0.34% this Friday and put an end to a five-day upward streak, due to investors’ caution after the publication of the minutes of the United States Federal Reserve (Fed), where he did not detail when the cut of the interest rates.
In May, the business activity The US economy accelerated to its highest level in just over two years and input prices rose, leading to a retreat in expectations of interest rate cuts and a rise in government debt yields.
He global dollar had risen almost 1% this week versus the and in Japanese, to 157.04 yen, even though Japanese government bond yields have also advanced, reaching decade highs and exceeding 1% for 10 years. Core inflation Japan slowed for the second consecutive month in April, meeting market expectations – and remaining above the central bank’s target – at 2.2%.
He euro It rose 0.3%, to $1.0843, but fell almost 0.5% for the week. The lsterling ibra It remained around two-month highs, trading at $1,272, despite weak British retail sales.
The minutes of the most recent meeting of the Federal Reserve published this week showed a lively debate among policymakers about whether current rates were restrictive enough to cool inflation. Traders have pushed back the date of the company’s first rate cut to December. Fed.
Investors will be attentive to durable goods orders from the United States and the speeches of those responsible for monetary policy at the ECB and the Federal Reserve, especially the governor of the Fed, Christopher Waller.
Source: Ambito
