He global dollar went up while world markets continue to prepare for the increases in import tariffs USA, as promised by the president of that country, Donald Trump, While the indicator of inflation Favorite of the Federal Reserve (Fed).
He dollar index —That measures the performance of the green ticket in relation to a basket of six other foreign exchange currencies – rose 0.31% to 108.42 units. In this way, it won 0.93% in the week, ending two consecutive weeks of losses.
“We may do it or may not. We will probably make that decision tonight,” said the Republican, when asked if the tariffs he announced would cover the oil Canadian and Mexican.
With the aim of pressing the two largest commercial partners in the United States to take measures to detain illegal immigrants and fentanyl shipments, Trump said that the level of American tariffs “may or may not increase over time.” Consequently, the Canadian dollar It played minimums of almost five years after losing 1% in a week in which the Canada Bank cut the interest rates; and the Mexican weight He stabilized after his pronounced fall in the previous session, but headed to his worst weekly performance since October, with a drop of almost 2%.
Inflation rebound
In turn, data from Commerce Department of the USA showed that the Personal Consumer Expenditure Price Index (PCE) increased 0.3% last month, the greatest increase since last April, in the midst of an increase in consumer spending, which suggests that the Federal Reserve would probably not hurried to resume the reduction of interest rates.
“It is largely the tariffs and administration who are promoting this movement of over strengthening the dollar; one of the biggest challenges is that the strongest dollar has been a transaction that has been sustained if you want to raise the theory that there are A Trump transaction at play, “he said Marvin Loh, Senior Global Market Stock in State Street in Boston.
“He dollar It is one of the markets with the greatest overlap at this time. You need a catalyst to continue uploading. But threats and/or actions, such as the imposition of tariffs during the weekend, are what is promoting the situation now, “Loh said.
The dollar against other currencies
The dollar advanced 0.12% compared to Canadian dollar, recovering from a slight fall, while the Mexican weight It rose 0.17% and stood at 20,728 per dollar. The currency recorded its worst weekly performance since October.
In addition, the American currency strengthened 0.54% to 155.13 in front of the yen, adding three consecutive weeks of profits. In front of the Swiss Franco, He added 0.1% to 0.9016, winning 0.5% in the week and ending two consecutive weeks of losses.
He euro 0.3% to $ 1.0367 fell, which represents a weekly 1% drop, the largest loss since December 30. In the month, it rose 0.23%, the highest gain since September last year.
Source: Ambito

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