The global dollar remains near its highest in two months

The global dollar remains near its highest in two months
The global dollar remains near its highest in two months

He dollar indexwhich compares the greenback to a basket of six major currencies, was trading at 105.56, falling from a nearly eight-week high of 105.91 hit last week.

He eurowhich has been under pressure since the French president Emmanuel Macron called a snap election earlier this month, was up 0.3% at $1.0727, but was still down 1.2% so far in June.

At the local level, the dollar returns to operations after reaching its maximum value so far this year on Friday, trading at 39,651 pesos. The US currency has accumulated an improvement of 2.21% so far in June, managing to stabilize in the range of 39 pesos, to such an extent that it is worth wondering if it can exceed 40 pesos again.

This is an unusual stretch in recent times for the dollar in Uruguaywhere the discussion about the exchange rate delay It became recurring. In fact, the last time the greenback reached that range was on November 1 of last year, when the dollar closed at 40,019 pesos.

The yen worries Asian investors

He and in weakened to 159.94 units per dollar in early trading, its lowest since April 29, when it hit a 34-year low of 160.245, prompting Japanese authorities to spend some 9.8 trillion yen to support the currency.

During the European morning, the Japanese currency reached a maximum of 158.75 units per dollar and analysts pointed out that the market is in a delicate situation, given the current levels. In its last price it advanced slightly, to 159.54 units.

“It certainly didn’t feel like an intervention, however, it speaks to how uneasy the market is about the prospect of an intervention,” said Michael Brown, senior strategist at Pepperstone.

“I think that as long as the weakness is not particularly rapid or disorderly, the Finance Ministry is unlikely to intervene,” he added.

He yuan The spot price was trading at 7.26 units per dollar, close to its lowest level in seven months, weighed down by the general strength of the dollar and concern about the weakness of the Chinese economy.

Source: Ambito

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