He super dollar climbs 0.9% this Tuesday, January 7, after the statements of the president of the Fed, Jerome Powell, before the United States Congress, in which he confirmed that the interest rate could rise more than expected. Meanwhile, the Aussie currency falls after the Reserve Bank of Australia hinted that it may be about to end monetary tightening.
He dollar indexwhich compares the greenback with a basket of six leading currencies, rises 0.9% and trades at 104.28 units, after losing 0.26% the day before.
The holder of the fed He anticipated that the rate hikes may be higher than expected since the economic data on US activity is more solid than expected and inflation still shows resistance to lowering.
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The report will be published on Friday. non-farm payrolls for February. “Today’s semi-annual testimony is important in determining whether the dollar can regain bullish momentum in the coming week,” he said. lee hardmanMUFG analyst.
He Australian dollar was the most moving currency in the G10, with a 0.79% decline to $0.6679s, its lowest since late December, despite the fact that the central bank raised its interest rate, as expected, by 25 basis points, to 3.60%, the highest level in more than a decade.
However, andl Reserve Bank of Australia (RBA) changed a reference to new rate hikessaying instead that “further tightening” would be necessary, suggesting that the bank may be nearing the end of its cycle of increases.
“A first look at the RBA statement suggests they are nearing the end of the tightening cycle and perhaps one step closer to publicly discussing a pause,” said Matt Simpson, senior market analyst at City Index.
On the other hand, andThe euro, the pound sterling and the yen fall against the strengthening of the dollar, with the common currency at 1.0571 dollars, the pound at 1.187 dollars and a dollar at 136 yen.
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