Key for investors: the super dollar retracts increases due to expectations of rates and the yuan gains ground

Key for investors: the super dollar retracts increases due to expectations of rates and the yuan gains ground

The US note rises 0.4% against the Japanese yen, after a gain of 0.2% on Tuesday. For his part, he euro it remains stable at $1,049, after falling 0.2% in the previous session.

Investors are weighing the US dollar outlookwhich has risen this year but has fallen in the last few weeks Given the expectations that the Federal Reserve may soon pause its rate hikes of interest.

Faced with a basket of currencies, the dollar index falls 0.07% to 105.47.

The Chinese yuan appreciated after the government announced measures that represent a change in its harsh policy of zero COVID, which has hit its economy and sparked historic protests. The yuan in continental markets rose 0.26% to 6.977 units per dollar.

Nevertheless, the investors they were also digesting some discouraging data which showed that the Chinese exports and imports contracted in November at its steepest pace in at least two and a half years.

The pound sterling it rises 0.13% to $1.215.

Source: Ambito

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