The US currency hit eight-week highs against the yen and five weeks against the pound sterling. In Uruguay it reached its maximum in the year.
He global dollar rose this Friday and hit an eight-week high against the yen and a five-week high against the pound sterling, while expectations for a possible interest rate cut by the United States Federal Reserve (Fed) diverge between the authorities of the Central Bank and the operators. In Uruguay, Meanwhile, the currency once again exceeded its highest value of the year.
He dollar index —which compares the performance of the greenback against a basket of six internationally relevant currencies— rose 0.41% during the trading session. Asia, thus erasing the negative results of the week. This behavior was influenced by the second consecutive rate cut by the Swiss National Bank and the signs of Bank of England of a reduction of the reference in August; although the possible manipulation of the exchange rate by the Bank of Japan —and its placement on the list of countries observed for this by the United States Treasury— also had influence.
In the US market, meanwhile, the dollar index improved 0.16% to 105.80, holding steady after two consecutive weeks of gains. In this scenario, the caution and patience of the Fed regarding a rate cut, and the high expectations of other institutions and operators who see the nearness of easing of monetary policy United States.
For its part, the pound sterling fell to $1.2637, near its lowest since mid-May. Meanwhile he euro fell 0.1% to $1.0686 after a series of preliminary surveys in June showed service sector activity in France contracted this month, while activity in the German economy slowed.
Record in the year in the Uruguayan market
In the country, meanwhile, the dollar once again exceeded its highest value of the year, after closing this Friday at 39,651 pesos, according to the official price of the Central Bank of Uruguay (BCU)thus chaining four consecutive days of rise within the range of 39 pesos.
The North American currency accumulates a variation of 2.21% so far in June, and a variation of 1.61% at an annual level, driven by the devaluation of the real, the perspectives on the next decision of the Fed and the exchange market itself local.
Source: Ambito
