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Wednesday, March 29, 2023

The super dollar is heading to close February with its first monthly rise since September

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The dollar index, which measures the performance of the greenback against a basket of six currencies, remains flat at 104.64but still headed for a rise of 2.6% in February, its first monthly increase since September.

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Investors now expect the Federal Reserve funds rate to be just above 5.4% in Septembercompared to the 4.70 forecast at the beginning of the month.

The yields of the United States Treasury bonds they have also uploadedwith the return to two years again at highs of three and a half months.

On Tuesday, the dollar appreciates especially against the japanese yen, rising 0.44% to 136.84 yen, its highest level in more than two months. Also, the yen is at its lowest level in two months against the euro and the pound sterling.

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On the other hand, the pound sterling It benefited from the previous session’s gains against the dollar and was up 0.2% at $1.2082.

On Monday, the pound It rose 1% after the UK and the European Union announced a new post-Brexit Northern Ireland trade deal, known as the Windsor Framework.

He euro it was trading steady at $1.0611, after rising 0.6% in the previous session.

The euro pared some of previous losses after knowing the information inflation French, which beat expectations and put short-term yields in the euro zone at their highest level in at least a decade.

Source: Ambito

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