The dollar indexwhich compares the greenback to a basket of six major currencies, gained 0.3% to 110.770 units.
All eyes are on the US inflation figureswhich could have impact on the scale of future Federal Reserve interest rate hikes. Economists polled by Reuters expect the Consumer Price Index show a 8% year-on-year rise in Octobercompared to 8.2% in September.
Presidents of the Federal Reserves of the states were in favor of making the rate hikes less violent, since they consider that inflation is decreasing, but since it is still persistent, they consider that the policy of raising interest rates will have to be sustained.
Another piece of information that fueled the expectation of an update in the rates of less violence was that employment showed signs of weakness and requests for employment increased. unemployment insurance.
The euro falls below parity, yielding 0.6%, at $0.9947. The British pound gains 0.3%at $1.1385, partially recovering from the previous session’s 1.6% drop.
The dollar has lost some strength in recent weeks on hopes that the Fed will start making small rate hikes from December.
The yen rises to 146.40 per dollar, its highest in two weeks.
The crisis in the world of cryptocurrencies also affected the risk appetite and supported the dollar, according to analysts. The native FTX token, FTT, soared 123%, to $3,394although its loss so far this month is still over 85%, and bitcoin was up 5% at $16,690.
Source: Ambito
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