The super dollar accumulates its biggest monthly rise in four months

In the last two weeks, the euro suffered against the dollarafter the solid US employment data and the signs of inflation persistence increased the chances that interest rates will rise more than expected.

The S&P Global Composite Purchasing Managers’ Index (PMI) for the Eurozone, considered a good indicator of general economic health, rose to its highest level in nine months.

An index of service sector activity rose to its highest level since JuneMeanwhile he manufacturing sector declined at a sharper pace this monthaccording to Tuesday’s poll.

In this context, the euro it fell 0.07% against the dollar, standing at 1.0674 dollars. so far Februaryhe euro has lost almost 2% in value against the US currency. But this is something of an outlier: against the Japanese yen, it has risen 1.4%.

The index Interim Composite PMI for Activity in the Business Sector in the United States rose to 50.2 in February, according to data from a survey of purchasing managers released Tuesday by S&P Global.

On Friday the spending index basic personal consumption – the Federal Reserve’s preferred indicator for measuring price pressures – could shed more light on what could happen to interest rates this year.

For his part, in front of and inhe dollar It was up 0.23% to 134.6 yen, while against the Australian dollar it was up 0.4% to $0.68875, even after Reserve Bank of Australia minutes showed policymakers they did not consider the possibility of pausing the increases at the February meeting.

The sterling, on the other hand, turned around and rose 0.3% against the dollar to $1.2071 and 0.5% against the euro to 88.36 pence, after data showed British business activity was much stronger. healthy than expected in early February.