The global dollar rises slightly, but remains close to a minimum of a week

The global dollar rises slightly, but remains close to a minimum of a week

He global dollar It rose slightly this Thursday, but staying close to recent minimums, since operators weighs the risks of a war commercial In recoil and await key data from the economy of USA Friday, while yen He played a maximum of eight weeks.

He dollar index Increase about 0.1% compared to a basket of six coins similar to 108 points, but still is around the lowest level since the beginning of last week, Reuters reported. The indicator reached a maximum of two years of 110.17 on January 13, but since then it has retreated 2%.

“This correction has been promoted by several factors, the most important of which this week’s tariff news has probably been, where it seems that the administration of Donald Trump He has been using them for transactional, non -ideological purposes, “said Chris Turner, global market director of ING.

The president of the United States suspended this week the planned tariff measures against Mexico and Canadabut it imposed additional 10% tariffs on imports from China.

In the absence of headlines on tariff Federal Reserve (Fed).

A cut -off quarter by the US Central Bank is already totally discounted in the price for July, and the markets expect a total of 45 basic points of reductions for the December meeting, according to LSE data.

Yen, at eight weeks

He yen Thursday touched on a maximum of eight weeks against the dollar after a member of the monetary policy committee of the Bank of Japan advocated to continue with the increases in interest rates, while the pound sterling He fell after the Bank of England cut the rates.

The pound sterling fell sharply after Bank of England I reduced interest rates as expected, but predicted greater inflation and weaker growth, and two officials requested an even greater rate cut. The currency subsequently cut some of those losses, having touched a maximum of a month on Wednesday. Finally, it fell 0.54% to $ 1,2438.

The monetary markets now discount around 67 basic points of greater flexibility of the BOE by the end of the year.

“Libra losses can be somewhat limited: the British economy, driven by services, is largely protected against the risks of a commercial war,” he said Karl Schamotta, Mercado Head of the Corpay Payment Company in Toronto, in a research note.

Source: Ambito

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