The euro go back a 1% and reaches a value of $1.0016, after having reached a maximum in almost a month. The pound go down a 1.2% and touch the $1.1544, despite having opened the day on the rise after it was known that the unemployment rate had reached its lowest level since 1974 and it was known that wages increased by 5.2%. The and in meanwhile, he also backed down and positioned himself in 144,095 per dollar.
The consumer prices in the united states they grew more than expected in August and reached 8.3% year-on-year, less than the 8.5% in July but more than the 8.1% expected. Although fuel fell, the rise was driven by rent and food costs.
The Chairman of the Federal Reserve, Jerome Powelldid not rule out that rates continue to rise and stressed that the monetary policy implemented by his institution will continue until inflation can be controlled.
“The data was much stronger than expected. Of particular concern is the fact that core inflation almost doubled estimates,” he said. Karl Shamottachief market strategist at Corpay in Toronto in dialogue with Reuters and added: “This is going to kill the idea of transitory inflation for now. We are facing almost certain probabilities of a movement of 75 basis points next week (by the of the Fed)”.
Source: Ambito
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