The dollar falls to its lowest level since the beginning of January this Wednesday, March 22, after knowing the Federal Reserve announcement regarding your decision to raise interest rates.
He dollar indexwhich compares the US currency against six other currencies, loses 0.8% until 102,090 units.
Finally the Federal Reserve of the United States ordered this Wednesday a increase in your interest rate reference of 25 basis points and advanced the possibility of putting a brake on new increases due to the recent banking crisis unleashed in the US and due to possible complications in the system.
On the other hand, investors are very attentive to what the market says. Fed Chairman Jerome Powell on the financial crisis that rocked world banks this month and how careful the central bank thinks it should be.
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The Federal Reserve, along with other major central banks, has taken steps to grease the gears of the financial systemafter the bankruptcy of several small US lenders and the implosion of Credit Suisse over the weekend they unleashed enormous volatility in the markets and a fall in stocks and bank bonds in particular.
Following the acquisition of Credit Suisse by UBS, and the help of the authorities and the big US banks to some of the most vulnerable regional entities, investors breathe a little calmer which led to the dollar losing some of its safe-haven appeal this week.
The pound was the currency of the G10 who behaves best during the day, with a rise of 0.6% against the dollarafter the data showed that the UK inflation was much higher than expected in Februaryputting Bank of England officials in a tough spot when they meet on Thursday.
The markets show that traders are now they take for granted a rise of 25 basis pointswhereas just 24 hours ago, the chances of the bank going up a quarter point or staying out were 50%.
He euro falls 0.4% against the pound sterlingat 87.81 pence, while earned 0.2% against the dollar, at $1,079. For his part, he The yen is trading flat at around 132.41 units per dollar.
As for cryptocurrencies, the bitcoin It rose 0.44% to $28,276.58 but was below a nine-month high hit on Monday.
Source: Ambito
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