In turn, Yen raises its quote from positive growth data in the Japanese economy.
He global dollar It remained close to its lowest level in two months after investors reduced their bets on US tariffs, while the yen This beginning of the week promoted by the positive growth data of Japan.
He dollar index —That measures the performance of the green ticket in relation to a basket of six other foreign exchange currencies – it places in 106.85, an increase of 0.1%, after falling 1.2% last week.
He dollar 0.35% fell to yen to 151.76, after having fallen up to 151.48 after the data showed that the economy of Japan It grew more than expected in the fourth quarter thanks to a better business expense and a surprising increase in consumption.
That consolidated the need for Bank of Japan (BOJ) Upload more rates this year. The markets are now discounting another 37 basic points of increases for December. “The key conclusion for us is that the nominal consumption of households grew significantly faster than real consumption and its divergence remained broad, which can activate the way to fight against inflation of the BOXWOOD”, Krishna Bhimavarapu, APAC economist at State Street Global Advisors A Reuters said.
“At least, these data eliminate the fears of a consumption stagnation And they are positive for the BOXWOOD Implement another increase in rates, that could arrive sooner rather than later, “he added.
The US economy fights against consumption decline
In the widest market, the dollar struggled to recover its losses after a settlement Due to the weak data of Retail sales of USA Friday and while investors applauded a delay in the implementation of the president’s reciprocal tariffs Donald Trump.
Meanwhile, the markets of shares and bonds of USA They were closed due to the rest of the presidents day, although the dollar was still quoted in international markets.
On the other hand, geopolitics remained the focus of attention with reports that the conversations aimed at ending the conflict between Russia and Ukraine They will start in Saudi Arabia this week.
The euro fell 0.17% to $ 1,0474, after having reached its highest level in two weeks, around $ 1,051.
Source: Ambito
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