The super dollar reverses trend after falling for three days in a row

The super dollar reverses trend after falling for three days in a row

He super dollar goes up this Tuesday, April 25, given the concern for the corporate profits and the outlook for the world economypushing back the euro from about a maximum of 10 months.

He dollar index wins nearly 0.2% to 101,225, after losing more than 3.3% since early March.

Monday’s news on the drop in deposits at First Republic Bank they remembered that the stability risks have not completely disappeared, while UBS registered a 52% drop in its quarterly income.

Learn more – Follow the price of the blue, official, CCL and MEP dollar in Argentina

However, the central banks from all over the world are going to reduce the frequency of its dollar liquidity operations with the Federal Reserve of the United States from Mayanother sign that the volatility March financial markets is essentially over.

Still, safe haven currencies like the and in were getting stronger, even though the new Bank of Japan Governor Kazuo Uedasaid he is in no rush to change his monetary politics. This week’s BoJ meeting, which concludes on Friday, is his first in charge of the bank.

“You have to respect Ueda’s guidelines that there will be no change on Friday, but I think the BoJ will go for tightening, maybe in June or July, because inflation is way above target,” he said. Jens Nærvig Pedersenfrom Danske Bank.

He yen up 0.3% against its US pair, at 133.855 units per dollar, and 0.4% before him euroat 147.67 units, after previously touching an eight-year low of 148.635.

He euro falls 0.1% against the dollar, but remains for above $1.10accumulating a rise of 1.7% so far in April and more than 4% since the beginning of March.

Source: Ambito

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