He global dollar fell to a one-week low due to traders’ caution over US tariff promises. donald trump for their next government and as they rebalance their portfolios before the end of the month amid monitoring data from inflation which will be published on Wednesday.
He dollar index —which measures the performance of the greenback relative to a basket of six other internationally relevant currencies— fell 0.35% to 106.53, after touching 106.33, its lowest level since November 20. In any case, it has appreciated around 30% since November 6, the day after the US elections.
“The recent and strong dollar appreciation greatly reduces dollar asset values outside of USA and therefore increases the need for rebalancing to sell dollars at the end of the month,” he said Sheryl Dong, currency strategist Barclays.
The decline, however, is due to the reaction of operators to the promises of trump from big tariffs to Canada, Mexico and China, the three main trading partners of the United States, which has generated nervousness in the markets, also over what may happen between now and the Republican’s inauguration at the end of January.
Some analysts argued that inflationary risks should prevent trump introduce more disruptive measures.
“We believe that trump He realizes that his victory was almost entirely due to the three I’s (inflation, inequalities and immigration), prices being the key,” he told Reuters Viktor Shvets, global director of desktop strategy at Macquarie Capital. “Unless there is an improvement, the electorate’s revenge could be severe, and there is not much time, as within 12 months, the midterm elections will dominate,” he added.
Shvets noted that Trump has chosen Scott Bessent as Treasury secretary, who is expected to keep American deficits in check and use tariffs as a negotiating tool. In parallel, operators will closely monitor the personal consumption expenditure (PCE) price indexwhich will be published on Wednesday, before US markets close for the Thanksgiving holiday on Thursday.
For his part, the yen performed better, boosted by growing bets on a December rate hike in Japan and position adjustments: rose 0.9% against the dollar to 151.42, its highest level since November 6.
In the field of cryptocurrencies, he bitcoin rose 2% to $93,444, well below the all-time high of $99,830 reached last week.
The dollar also fell in Uruguay
In Uruguay, meanwhile, the dollar fell 0.05% compared to Monday and closed at 42,820 pesos in the interbank price of the Central Bank (BCU), leaving behind the past rise and continuing its operations with ups and downs within the range of 42 pesos.
The North American currency now accumulates a monthly appreciation of 2.81% in November and an annual appreciation of 9.73%, since its price is 3.80 pesos above that registered after the close of the last exchange day of the last year.
Source: Ambito
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