He global dollar He went down in the early hours of Thursday after the US president Donald Trump put on the table the possibility of a truce between Russia and Ukraine After almost three years of conflict, which reduced the impact of data from inflation higher than expected.
He dollar index —That measures the performance of the green ticket in relation to a basket of six other foreign exchange currencies – dropped 0.3% to 107.61 units, close to its lowest level since February 5; while other currencies such as the euro improved inside the pair.
Trump said Wednesday night that both the Russian president, Vladimir Putin, as the Ukrainian president, Volodymyr Zelenskiy, They expressed their desire for peace in telephone conversations separately with him. The prospects of ending the war in Ukraine soon damping the blow to the confidence of Wednesday’s rise in the consumer prices of consumer USA For January, with both general and basic figures that exceeded estimates.
“I was surprised how ephemeral the increase in the dollar in reaction to the IPC Report Yesterday, which was undeniably positive and also resulted in a very difficult reading for the Fed, “he told Reuters Michael Brown, Senior research strategist Pepperstone
The data caused the market actors to increase their bets to the Federal Reserve (Fed) will keep the interest rates High for longer: now they have 30 basic points of discounted rates cuts for this year, compared to the 37 basic points before the data. They were also nervous for more ads from duty, mainly of the reciprocal, which keep the fears of a global commercial war that threatens to accelerate US inflation.
Operators have been trying to unravel how Trump’s threats will develop, and some market actors bet on tariffs will be a point in favor for the dollar. On Monday, Washington announced new 25% tariffs to all imports from steel and aluminum to the United States, which left commercial partners in trouble.
Meanwhile, the publication of the Producer Price Index (IPP) From the United States later, which will provide clues to how high the price index of personal consumption expenses, the measure of inflation preferred by the FED, on February 28.
The dollar is strengthened in Uruguay
In Uruguay, Meanwhile, the dollar 0.11% rose compared to Wednesday and closed at 43,421 pesos, according to the price of the Central Bank (BCU), so that the American currency chained two consecutive days up and recovers land in the middle zone of the 43 pesos strip.
The green ticket thus maintains the positive sign at the monthly level, with a rise of 0.69%, contrary to a global dollar which moves away from the maximum values that it reached in January and today did not finish impulse but to a rise in the inflation greater than expected in USA.
Anyway, when analyzing the annual accumulated, the American currency is 1.46% below the closure of 2024.
Source: Ambito
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