He global dollar fell in the early hours of Wednesday as operators wait for the data on inflation in USA that can give more clues about the direction that the Federal Reserve (Fed) regarding interest rates for the remainder of the year. In Uruguay, Meanwhile, it closed lower, dragged down by the performance of the currency in Brazil.
He dollar began on Wednesday pressured by expectations for new signs of the Fed monetary policyretreating from the four-week high that it had reached the previous day while waiting for the update of the economic projections and the data on the evolution of prices in May.
In this way, the dollar index It fell to 105.11 units, after hitting its highest level since May 14, at 105.46, on Tuesday.
The greenback advanced for three consecutive days, after a solid labor report in the United States that raised the prospects that inflation will continue while growth remains strong, making it less likely that the Fed cut interest rates in the coming months.
Investors will have the opportunity to evaluate the situation of the inflation When the figures are published United States Consumer Price Indexhours before the Fed concludes its two-day monetary policy meeting.
“In the last four meetings of the Fed, The dollar has ended lower on the day, largely because the president of the entity, Jerome Powell sounded pessimistic during the press conference,” he explained Chris Turner of ING, to the Reuters agency. “You could see a repeat of that today. Today you have a little more ammunition to be pessimistic,” she added.
The Brazilian exchange market influenced that of Uruguay
In Uruguay, the dollar fell 0.24% compared to Monday and closed at 39,089 pesos, according to the price of the Central Bank (BCU), so that the greenback could not advance for the third consecutive round, although it does remain within the range of 39 pesos.
With this result, the US currency traded against the international scene, since the global dollar touched its maximum value in 4 months; while it was dragged by the performance of the currency in the Brazilian exchange market. On the local scene, the interbank It remains positive in the monthly comparison, with an increase of 0.17%, while, in the accumulated year, the balance is also favorable, with a slight appreciation of 0.17%.
Source: Ambito
