This data revived the expectation of a less aggressive rise in interest rates by the Federal Reserve and put aside the updates of 75 basis points.
The US currency collapses after opening the day with a rebound in front of their peers. investors too evaluate the results of the elections of midterm in the United States that took place this Tuesday.
The dollar indexwhich compares the greenback to a basket of six leading currencies, it falls 1.7% to 108,660 units, its lowest value since September 13.
Economists polled by Reuters they expected the Consumer Price Index show a 8% year-on-year rise in October, compared to 8.2% in September. The variation was one point less than expected.
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 jump up to a 1.3% and reaches 1.0138 dollars. The British pound soars 2.5%at $1.1636, 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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