“The market is thinking that China going softer equates to China reopening, and while I think that’s a bit of a stretch, in the sense that it’s not going to happen overnight, that’s okay.” making the dollar sell”said Bart Wakabayashi, branch manager of State Street in Tokyo.
The index dollarwhich measures the greenback against six other currencies, was down 0.13% at 106.72, after hitting 106.9 in Asian trade for the first time since November 23.
The index fell to around 105.3 twice since mid-month on bets that the Federal Reserve will stop aggressively raising rates after inflation has shown signs of nearing a peak.
New York Fed President John Williams said Monday that the The US central bank must go ahead with rate hikes and St. Louis Fed chief James Bullard said there is still “some way to go” for monetary policy tightening.
The dollar fell 0.07% to 138.60 yen as the pair continued to consolidate after rebounding from a three-month low of 137.50 on Monday. The euro was up 0.11% at $1.0339. , from the one-week low reached on Wednesday at $1.0319.
Consumer price figures in Germany and Spain came in weaker than expected on Tuesday, prompting a reduction in rate hike bets from the European Central Bank and focusing attention on inflation data from the zone. euro on wednesday
The British pound remains flat at $1.19535. The New Zealand dollar was up 0.29% at $0.6218, while the Australian dollar added 0.1% to $0.66935.
Chinese health authorities said Tuesday they will speed up COVID-19 vaccinations for the elderly, aiming to overcome a key stumbling block in efforts to ease unpopular “zero infection” policy restrictions that have sparked fierce protests. in the last days.
Source: Ambito
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