The euro rises this Thursday, March 30 against the dollar, as investors focused their attention on the inflation Looking for more clues about the next steps by central banks on interest rateswhile concerns about the banking sector diminished.
The consumer prices in Germany rose 7.8% year-on-year in March, above the estimates of analysts, who expected a figure of 7.5% due to the lower energy prices.
Meanwhile, the data showed that consumer prices in Spain rose 3.3% year-on-year in March, the slowest pace since the 12-month period through August 2021 and less than analysts expected.
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He European Central Bankwhich has made it clear that the future rate hikes Depending on economic data, it has raised its main deposit rate by 350 basis points to 3% since July as it tries to rein in rising inflation.
According to Refinitiv data, the markets monetary forecast two rate hikes of 25 basis points by the ECB between now and September.
The data from euro zone inflation and US personal consumption spending figures to be released on Fridays.
Elizabeth Schnabela member of the ECB Council, said on Wednesday that core inflation in the euro zone is sticking and that the recent fall in energy costs could reduce it at a slower rate than expected by some.
He euro rises 0.3% to $1.0880and was on pace to end the month with a gain of almost 3%.
He dollar indexwhich measures the performance of the greenback against a basket of six currencies, down 0.2% to 102.38, as concerns over the banking crisis dissipated. In March, the index was heading for a 2.5% decline.
The number of people who requested State unemployment aid in the United States stood at 198,000 last week, higher than expectedsaid the US Department of Labor.
The figure of the previous week stood at 191,000, after a review of the data that did not lead to a change from the initial estimate. Economists polled by Reuters expected requests to stand at 196,000.
On the other hand, andThe Japanese yen appreciates 0.3%, to 132.46 units per dollar, after falling 1.5% on Wednesday. The currency has been volatile ahead of the end of the Japanese fiscal year on Friday.
Source: Ambito
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