He global dollar fell after components of the January Price Report to a lower inflation, and retreated even more after USA warns that reciprocal tariffs to other nations would not be implemented immediately
He dollar index —That measures the performance of the green ticket in relation to a basket of six international currencies of international relevance – registered a decrease of 0.61% in the day to 107.25, its lowest level since January 27.
Meanwhile, the euro 0.58% rose to $ 1,0442 and previously reached $ 1,0446, its highest level since January 30, while the yen 1.05% was strengthened to 152.8 per dollar.
The impact of inflation data
Thursday’s producer price data indicated that the Basic PCE inflation, The preferred measure of the Fed will probably be less than expected previously for January when published at the end of this month.
This occurred despite the fact that producer prices increased more than economists expected. “There were some subcomponents who showed that the PCE may not be as good as IPC suggested,” he told Reuters Noel dixon, State Street Global Markets Macro Strata.
The report of Producer prices It was known after the index of consumer prices On Wednesday for January it was much higher than expected, which led the operators to discount less features of rates this year.
Future operators are now estimating cuts from around 33 basic points until December, compared to the 29 basic points before Thursday’s data, but below 37 basic points before IPC data was published on Wednesday.
More ads about US tariffs
On the other hand, the tariffs that the United States will impose will not take effect on Thursday, but could begin to be imposed in the coming weeks, while Trump’s commercial and economic team studies bilateral commercial and tariff relations, a journalists from journalists told journalists the White House.
The announcement seemed designed, at least in part, to start conversations with other countries. The official said Trump would be more than happy to reduce tariffs if other countries reduced his own.
“Trump’s message seems to be that we are going to catch them, but not today. And the market seems to comfort that,” he said Steve Englander, Global exchange research director of the G10 and Macroeconomic Strategy of North America at the New York branch of the Standard Chartered Bank.
Source: Ambito
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