“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 dollar index, which measures the greenback against six other currencies, fell 1% to 105.78. and scored a relegation 5.1% this month, the highest since September 2010.
The euro rose 1% to $1.0424 and the single currency is heading for a 5.5% monthly gain, the biggest since September 2010.
In front of yen the dollar fell 0.7%, up to 137.70 units, and culminated in a 7.39% loss against the Japanese currency this month, the worst since December 1998.
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.
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
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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