Super dollar sustains the drop after knowing the US inflation data

Super dollar sustains the drop after knowing the US inflation data

The dollar index, which compares the US currency with a basket of six leading currencies, fell 0.1% to 103.19 units. The measure has fallen 10% since it hit its highest level in 20 years in September.

For its part, the pound sterling rises after knowing the employment data in the United Kingdom, which showed an acceleration in the growth of basic wages, but a cooling of the labor market.

The pound gains 0.5% to $1.2160 after learning that the growth rate of the basic wages in the United Kingdom it accelerated again in the last three months of 2022. The euro was up 0.23%, at $1.0750.

On the other hand, the Japanese government appointed academic kazuo ueda as the next central bank governor, amid investor bets that the unexpected election could prevent an end to the unpopular yield control policy. The yen appreciates 0.31%, at 132 units per dollar.

The Japanese economy grew 0.2% in the fourth quarter of 2022, according to official sources reported this Tuesday. Although growth was lower than expected, it allowed it to reverse the trend it had been showing and avoided going into recession.

Source: Ambito

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