the dollar went up this thursday may 18 to seven week highsafter another round of strong economic data further reduced bets on monetary relief from the Federal Reserve and in the middle of Market optimism about a debt ceiling deal in the United States to avoid possible default.
He dollar index rose 0.7%to 103.56after touching a new seven-week high (103.63 units).
against the yenthe green ticket reached six month highsto 138.74 units, and finally advanced 0.7% to 138,715.
Find out more – I followed the price of the blue dollar, official, CCL and MEP in Argentina
White House negotiators and congressional Republicans met again on Capitol Hill to discuss their search for common ground to raise the debt ceiling of $31.4 trillion, and plan to come together again on Friday, a White House official said.
Top Republican in Congress Kevin McCarthyalso said this Thursday that he expected a bill to increase the debt ceiling in the plenary session of the House next week, according to press reports. He noted that the negotiations are on a better footing than last week.
In addition to the debt ceiling negotiations, Investors also eyed US economic data, which in recent weeks has shown strength.
A published report this Thursday showed 242,000 requests unemployment benefit initials in the United States, compared to the 254,000 expected.
Operators see about a 33% chance the Fed will raise interest rates at its June meeting. About a month ago, the markets set the probability of a cut in the cost of credit at 20%.
Fed officials on Thursday opposed a pause in rate hikes next month, citing a persistently high inflation.
The Dallas Fed President Lorie Logansaid Worries “too high” inflation isn’t cooling off fast enough enough to allow the central bank to halt its rate hike campaign in June.
Source: Ambito
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