“The dollar is rising as stronger-than-expected data this morning raises interest rate expectations for the new year,” said Karl Schamotta of payments firm Corpay.
The euro lost 0.2%, to $1.05905, after rising as much as 0.5% earlier in the session.
For its part, the dollar remained almost unchanged against the yen, at 132.49 units per greenback, close to the four-month low touched on Tuesday, after an unexpected adjustment of the controls on the yield of the Bank’s bonds. from Japan stimulated bullish bets on the yen.
Sterling hit a fresh three-week low and was down 0.4% to $1.20315, after learning that the British economy contracted somewhat more than expected.
Also, the greenback was trading at one-week highs against the offshore yuan.
The ruble recovered ground in the day after being unfavorable since late April, as the prospect of a favorable tax period at the end of the month eased concerns about the impact of sanctions on Russian oil and gas.
In the meantime, bitcoin was down 1% lower to $16,652 as cryptocurrencies continued to rack up heavy losses following the collapse of major cryptocurrency exchange FTX.
Source: Ambito
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