The super dollar recovers its rise, driven by the fall of the pound

But this Thursday the dollar recovered the bullish path after the data from the october retail sales in the United States, published on Wednesday, They were stronger than expected.

dollar indexwhich measures the performance of the greenback against six currenciesup 0.5%, at 106.72. The index has fallen more than 6% since hitting a 20-year high in Septemberalthough the Thursday kept a 11% gain so far this year.

The euro for his part loses 0.5% against the dollarat $1.0344, after having reached the Tuesday its highest level since July, at $1,048.

The Sterling was down 0.7% against the dollar at $1.1816, after Hunt announced that the country entered a recession. According to data from the Office for Budgetary Responsibility, which oversees the UK’s public accounts, the country has entered a recession and inflation will be around 9.1% this year.

The British Government presents a new budget this Thursday, after the one promoted by former Prime Minister Liz Truss that unleashed a general fall in bonds and the currency for raising questions about the level of indebtedness after announcing increases in spending and cuts in taxes.

Added to this is the inflation in the UK it accelerated. The increase in energy bills and food prices in households led to inflation Briton touch her 41 year highaccording to data published this Wednesday, one day before the Minister of Economy, jeremy huntannounce the new budget with tax increasess “hard but necessary” and spending cuts to control prices.

The operators will also analyze the speeches by numerous Fed officials on Thursday for clues about the rate hike. The regional presidents of the Fed, Raphael Bostic, Loretta Mester and Neel Kashkari, are scheduled to speak.

The greenback rises 0.15% against the Japanese currencyat 139.75 yen, after falling early in the session. The Chinese yuan fell 0.75%a 7,154 units per dollaras new cases of Covid-19 raised concerns that authorities could order further lockdowns.