The super dollar rises this Tuesday March 14 in a context of relative financial calm after the bankruptcy was consolidated Silicon Valley Bank (SVB) and if the data is known inflation of the United States for the month of February, which fueled the expectation of lower rate hikes by the Federal Reserve.
Figures from the US Consumer Price Index (CPI) showed that the February inflation settled at 6% year-on-year, below the 6.4% registered in January.
This could lead to further volatility in global markets, a day after fears of a potential banking crisis prompted traders to quickly lower their expectations for interest rate hikes from the Federal Reserve.
He dollar index, which compares the green bill with a basket of six leading currencies, gains 0.2%, to 103,317 units, after losing 1.3% the day before.
Learn more – Follow the price of the blue, official, CCL and MEP dollar in Argentina
He euro it fell 0.1% to $1.0716, while the greenback rebounded. He Monday hit highs month of $1,075 and advanced 0.85% throughout the session.
Against his Japanese counterpart, the and inthe US currency improved 0.6%, to 134.02 yenreversing part of the 1.38% drop the day before.
“We’ve seen some reversal of dollar losses overnight, but it’s pretty partial,” said Alvin Tan of RBC Capital Markets. “Ahead of us, of course, is today’s CPI reading, which is quite important because it’s basically the last data before next week’s (Fed decision).
During the weekend, US authorities launched emergency measures in response to the collapse of SVB, vowing to protect depositors in an attempt to shore up banking confidence. The president of United States, Joe Bidenvowed on Monday to take steps to ensure the safety of the banking system.
The pound sterling It subtracted 0.3% to $1.215 after advancing 1.22% on Monday. Data released on Tuesday showed that the UK wage growth slowed in the three months prior to January.
Source: Ambito
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