The global dollar fails to move away from minimum of two months for the persistent tariff concerns

The global dollar fails to move away from minimum of two months for the persistent tariff concerns

He dollar indexwhich measures its performance against six other main currencies, rose 0.2% to 106.94, but not yet far from the minimum of two months of 106.56 that played on Friday, Reuters reported.

The operators were attentive on Tuesday to the conversations aimed at ending the War in Ukrainewhile American and Russian officials met in the capital of Saudi ArabiaRiad.

Ukraine, who does not attend the conversations, says that no peace agreement cannot be reached in his name.

He euro It dropped 0.24% to 1.04575 dollars. The single currency rose last week as optimism about the perspectives of a peace agreement between Ukraine and Russia. Meanwhile, the pound sterling 0.1% fell to $ 1,2611.

“The markets will remain attentive to any evolution of bilateral conversations between the United States and Russia about Ukraine,” said Francesco Pesole, a bullfight of foreign exchange of ING.

“But, unless there is an important advance, the optimistic impulse can stagnate or fade in the next few days and the dollar can continue to recover some land,” he added.

The attention of investors this week also focuses on the publication on Wednesday of the minutes of the meeting of the American Federal Reserve (FED) January, which can show how political leaders have taken into account the risk of a broader tariff war resulting from the president’s commercial policies Donald Trump.

“The uncertainty about commercial policy is at a record level … and since the labor market is solid, there are no convincing arguments to cut the rates imminently,” said the strategists of Anz In a note.

Anz now expects that the feat cuts resume in the second half of 2025, with additional flexibility of 75 basic points. However, markets only foresee 40 basic points cuts for this year.

On the other hand, the yen retreated after his recent profits, since the solid growth data reinforced the chances of the Japan Bank (BOJ) Raise interest rates this year again, and July is considered an active meeting.

The Japanese currency quoted 151.9 per dollar, with a decline of around 0.3% in the day. The solid October-December GDP data published on Monday, together with recent inflation figures, have helped boost it. So far from 2025, it has risen 3.5% against the dollar.

In Uruguay, the dollar backed 0.02% on Monday to 43,215 pesos in the interbank price of the Central Bank of Uruguay (BCU), thus chaining its third consecutive fall within the 43 pesos strip.

Source: Ambito

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