Risk appetite has been improving since Monday, when markets were reeling from country restrictions to contain the spread of the new coronavirus mutation, and after US Senator Joe Manchin said he would not support a new project. of the fiscal spending law of the Democratic Government.
“The dollar is weakening as risk reduction operations continue to decline,” analysts at Brown Brothers Harriman said Wednesday, adding that “we are likely to be in a consolidation period for now, given the lack of new aspects. important that generate momentum. “
But the dollar index remains near a one-and-a-half year high of 96,938 units reached on November 24, on expectations that the Federal Reserve is close to announcing an interest rate hike.
Data released Wednesday indicated that U.S. economic growth slowed dramatically in the third quarter amid an outbreak of COVID-19 infections, but activity has since recovered, putting the economy on track to record. his best performance this year since 1984.
Meanwhile, the euro traded 0.37% higher at $ 1.1331, and the Australian dollar – a currency sensitive to risk aversion – rose 0.74% to $ 0.6820.
Source From: Ambito
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