The president of the Federal Reserve Bank of St. Louis, James Bullard, It showed itself supporter of new rate hikes that place the cost of loans between 5.25% and 5.5%.
The Fed’s rate target range is currently between 4.5% and 4.75%after being between 0% and 0.25% in March 2022.
According to analysts, the data and Bullard’s tough tone boosted the dollar, causing the euro will reach its lowest level since January 6at $1.063, then falls 0.35% to $1.064.
He dollar index rose to 104.24 earlier in the session, its highest level since early January. Then I would cut slightly its advances and operates with an increase of 0.12%, at 103.93and headed for his third consecutive week of earnings.
The economists of Goldman Sachs raised its rate hike expectations on Thursday interest rate from the Federal Reserve this year.
After waiting two more, now forecast three consecutive increases of 25 basis points in March, May and June. With this, the rates would be between 5.25% and 5.5%.
In front of Japanese yen, the dollar was up 0.68% at 134.85 yen, the highest level since mid-December. It was heading for a weekly rise of about 2.5%, its biggest gain since June.
The pound sterling it was down 0.53% at $1,192, its lowest since Jan. 6. This despite the fact that British consumers unexpectedly increased their purchases in January.
He Swiss franc it was also affected by the rise of the dollar. The dollar was up 0.64% at 0.931 francs, its highest level since mid-January.
Source: Ambito
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