The super dollar falls in anticipation of the end of the rate hike

The super dollar falls in anticipation of the end of the rate hike

The dollar on Tuesday cuts the advances of the previous day against the euro and the pound sterling, since the operators focused their attention on the US inflation data to be released on Wednesdaylooking for signs of how close the US interest rates to peak.

He dollar index it falls 0.4% to 101,880 units.

He euro rises 0.52% to $1.0918, and the pound advances a similar amount, to $1.2439, while most of the european markets They were returning from the long Easter weekend.

During the long weekend both currencies had retraced from the highs reached in early AprilAfter the The strength of the US labor market known on Friday will reinforce the arguments in favor of a rate hike by the Federal Reserve in Mayand will also alleviate fears of a sharper slowdown in the US economy.

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

“The early May Fed meeting is just around the corner, and the data coming out leading up to it will be in the spotlight,” he said. jane foleyfrom Rabobank.

The dollar also falls against the and infalling 0.4% to 133.03, after rising 1.1% on Monday helped by new Bank of Japan governor Kazuo Ueda, who vowed at his inauguration Monday to hold the ultralax stimuli.

The green bill subtracts 0.6% against the Swiss francto 0.9041 units.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts