He dollar rises slightly against other major world currencies this Friday, in a context in which the problems of the banking sector were added to the rumors about interest rate cuts in the United States at the end of the year and after the monthly employment report in the country was released.
so if alright the day had started low Due to this negative scenario for its dynamics, the dollar index, which compares the greenback with a basket of six leading currencies, operates at 101.44 units (+0.15%).
Sterling, down slightly from its highest level in nearly a year, the euro is regaining some ground lost after Thursday’s European Central Bank meeting and the yen was heading for its first weekly gain in nearly a month, benefiting from the demand for refuge.
Learn more – Follow the price of the blue, official, CCL and MEP dollar in Argentina
Compared to the yen, the dollar operates at 134.95 yenalthough the Japanese currency is heading for a weekly gain of 1.5.
the lIbra gains 0.02% to $1.2575, after having reached its highest level in almost a year. Thus, it moderates the upward trend at the beginning of the day.
For his part, he euro falls to 1,098 dollars (0.23%)staying below the one-year highs recently reached.
Rising expectations of a Federal Reserve rate cut at the end of the year have clouded the outlook for the dollar amid renewed turmoil among US banks that has heightened recession risks.
“Confidence levels are rising that credit conditions will tighten and the US economy will slow more than it otherwise would,” said Chris Turner of ING. “That dampens inflation and paves the way for the Fed to cut rates.”
Source: Ambito
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