Expectations of a moderate stance from the United States Federal Reserve (Fed) This week they made the global dollar remained at a minimum of more than seven months against the eurowhich hit a high of $1.1089 on Tuesday.
He dollar indexwhich compares the currency with seven others, was trading at 101.79, having fallen to its lowest level since early January of 101.76 at the start of the session. pound sterling hit a one-month high and was trading at $1.3012.
In front of the yenthe dollar fell 0.1% to 146.45 and traders awaited the appearance of the governor of the Bank of Japan (BoJ), Kazuo Uedabefore the Parliament on Friday, where he is scheduled to discuss the central bank’s decision last month to raise interest rates.
Market turmoil has since eased after BoJ Deputy Governor Shinichi Uchidaearlier this month played down the possibility of further rate hikes in the near term.
“Now that markets are calming down, Ueda could change course and start talking about normalizing interest rates again,” said Joseph Capurso, director of international and sustainable economics at the Commonwealth Bank of Australia.
In Uruguayhe dollar fell 0.22% on Monday, closing at 40.244 pesos in the interbank quote. Central Bank of Uruguay (BCU)thus cutting two consecutive days of increases, but continuing within the 40 pesos range.
The US currency has accumulated a monthly decline of 0.07% and an annual variation of 3.13%, due to the fact that its price is 1.22 pesos above the one registered after the closing of the last exchange day of last year.
Source: Ambito
