The super dollar is heading for its ninth weekly rise in a row

The super dollar is heading for its ninth weekly rise in a row

The dollar in the world it is listed this Friday, slightly below the maximum reached in the last six months, after strengthening during the previous day thanks to theThe positive economic data from the United Statess.

At the same time, the yen It was experiencing a drop to lows not seen in the last ten months.

Markets are adjusting to the recent outlook forand possible increases in interest rates by central banks. This occurred after the European Central Bank surprised by raising rates to historic 4% on Thursdayas reported Ambitalthough he indicated that this would likely be his last raise in the near future.

In that context, the dollar index shows a slight drop of 0.1%, standing at 105.27 units, after having reached a six-month high of 105.43 units in the previous session. Despite this slight decreasewas heading towards its ninth consecutive week of increase.

Dollar against other currencies

The euroon the other hand, is experiencing an increase of 0.2%, reaching $1.06615 and recovering slightly from the multi-month low recorded on Thursday, which was $1.0632.

ING’s Francesco Pesole said in a statement to clients that he believed that at this time, the euro/dollar would continue to be driven mainly by the dollar. Furthermore, he added that “markets have accepted the idea that the ECB is likely to have reached its limit, which implies that economic data from the euro zone could lose some relevance in the future.” market”.

In regards to the yenis at a ten-month low, trading at 147.94 units per dollar, due to the Bank of Japan’s moderate stance in recent months.

On the other hand, andThe yuan is getting a boost from economic data showing stronger-than-expected growth in industrial production and retail sales in China. during August. Against its Chinese pair, the dollar fell 0.1%, standing at 7.2801 units.

Source: Ambito

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