The super dollar fell after the rate hike announced by the Fed

The super dollar fell after the rate hike announced by the Fed

The dollar marked minimums since the beginning of January this Wednesday, March 22, after knowing the Federal Reserve announcement regarding your decision to raise interest rates. However, he later moderated the drop slightly after the speech of the president of the organization, Jerome Powell.

This was reflected by dollar indexwhich compares the US currency against six other currencies, which lost 0.69% until 102.18 units in the day.

Finally the Federal Reserve of the United States ordered this Wednesday a increase in your interest rate reference of 25 basis points and, later, the president of the organization, Jerome Powell, did not rule out new increments in the future to control inflation, even despite the recent banking crisis unleashed in the US.

Find out more – I followed the price of the blue dollar, official, CCL and MEP in Argentina

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 behaved 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 February, putting Bank of England officials in a tough spot when they meet on Thursday. For his part, he yen is trading at around 131.41 units per dollar.

Regarding cryptocurrencies, Bitcointhe leading cryptocurrency, rises 1.5% to $27,597. ethereum for his part rises 0.4% and operates at US$1,749.

Source: Ambito

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