24hoursworld

The super dollar rebounded and closed at a one-month high

The super dollar rebounded and closed at a one-month high

According to analysts, the minutes match in general terms with expectationswhat explain the reaction relatively moderate of the markets.

It is that last Wednesday it became known that all the authorities present in the Federal Reserve monetary policy meeting on December 13 and 14 agreed that the US central bank should slow down the pace of its aggressive interest rate hikes, which would allow them to continue raising the cost of credit to control inflation, but in a gradual manner that limits the risks for economic growth.

To this is added that November job postings in the United States indicated a tense labor market, giving the Fed cover to keep its monetary tightening campaign going longer, while other data showed the manufacturing sector contracted further in December.

Minneapolis Fed President Neel Kashkari insisted Wednesday on the need to continue raising rates, and He presented his own forecast that the official interest rate should initially stop at 5.4%.

The dollar gained 0.84% ​​against a basket of currencies at 105.07, after previously reaching 105.27, the highest level since December 8.

The euro fell 0.7% to $1.0526, after the single currency fell to $1.0515, the lowest level since December 12. The greenback also gained 0.51% against the Japanese currency.

Sterling was down 1.2% at $1.1916, having earlier reached $1.18730, the lowest level since November 23.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts