The dollar rose 0.8% against a basket of currencies and stood at 104.49although it was cautioned against placing too much importance on this move, as liquidity is relatively tight as investors have just returned from vacation.
The market expects the US payroll data, due to be released on Friday, to show that the labor market remains tight.
For his part, The yen was down slightly, at 130.77 to the dollar, after hitting a six-month high of 129.51 against the US currency.
The Asian currency lost 12% against the dollar in 2022, and Japanese authorities intervened in September to prop it up for the first time since 1998, and again in October, when it weakened to a 32-year low of 151.94 to the dollar.
The euro fell 0.92% to $1.0567after inflation data from German states showed that price pressures eased in December, indicating that domestic inflation may also have slowed for the second month in a row.
The focus was on German state inflation datawhich showed an easing of price pressures in December, indicating that domestic inflation may also have slowed for the second consecutive month, due in part to the government’s one-time payment of household energy bills.
For its part, the pound sterling fell 1% to 1.1933 dollars, briefly reaching its lowest level since November 30 of last year and the Chinese yuan ended the local session at 6.905 units per dollar, its strongest close since September 2, 2022.
Source: Ambito
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