Key for investors: the super dollar fell and cut with two increases in a row after expectations of rate increases

Key for investors: the super dollar fell and cut with two increases in a row after expectations of rate increases

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 fell 0.4% to 105.15 units.

against the dollarthe euro was up 0.2% at $1.0488. The euro has recently rallied on signs that the European economic downturn may be less severe than feared.

The dollar lost 0.2% against the Japanese yen.

The dollar was down 0.1% against the Canadian dollar. The Bank of Canada raised its benchmark overnight interest rate by 50 basis points to 4.25%, the highest level in nearly 15 years, signaling that the tightening campaign was coming to an end.

In Asia, the Chinese yuan firmed up as the government announced measures that mark a sharp reversal of its tough zero-COVID policy, which has battered its economy and sparked historic protests.

The dollar was last down 0.1% against the offshore Chinese yuan. Among cryptocurrencies, bitcoin was last down 1.7%.

Source: Ambito

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