The dollar weakens this Tuesday to two-month lows after those responsible for the Federal Reserve They noted that the central bank is nearing the end of its tightening cycle, while the pound hit 15-month highs after wage growth beat expectations.
Several officials of the Federal Reserve They said on Monday that the central bank would probably have to raise interest rates further to reduce inflation, but that the end of its current tightening cycle was drawing near.
The Fed’s comments sent the dollar falling to a two-month low of 101.66 against a basket of currencies, as traders lowered their expectations about how much higher rates would have to rise. interest rates in United States.
Markets are now turning their attention to US consumer price data due for release on Wednesday, which will provide more clarity on the Federal Reserve’s progress in its fight against stubbornly high inflation.
Other currencies: the pound touches maximums of more than 1 year after employment data
The pound sterling, meanwhile, hit a nearly 15-month high of $1.2933 after British wage growth hit a record, raising pressure on the Bank of England to further tighten policy in order to control inflation.
He and in it was up around 0.6% and trading below 141 per dollar for the first time in nearly a month. Its most recent price was 140.43 units per dollar. The yen is up more than 3% from a seven-month low hit last month, when it topped 145 per dollar, putting traders on high alert for possible intervention by Japanese authorities.
On the other hand, the euro The Australian dollar was trading steady at $1.1004, the Australian dollar was down 0.2% at $0.6665 and the New Zealand dollar was down 0.5% at $0.6181, pending a decision from the Bank of the New Zealand Reserve on Wednesday.
Source: Ambito
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