Euro settles the maximum for five months. Our Earth
S. The euro continues to negotiate near a maximum of five months Which was struck last week, on a day in which the German Parliament is preparing to vote in favor of the tripartite agreement for conservatives, environmental and socialist democrats to create a A fund worth 500 billion euros dedicated to defending and developing infrastructure.
At this time, European individual currency offers 0.28 % to $ 1.0953The highest value since October 10. The euro still benefits from the fragility of the dollar in the currency market, at a time when doubts accumulate about the economic future in the United States.
The ghost threatens the recession with the world’s largest economy, as Donald Trump’s fees weighing inflation in the United States. This week, the American Federal Reserve (Fed) should choose to leave interest rates unchanged and investors are looking for the new economic expectations of the Central Bank for the rest of the year.
“The predictions of inflation are raising, but the feeling (around the dollar) hangs … We live in a very confusing moment and I think the Federal Reserve does not have enough data to support any side,” says Bart Wakapaishi, director of the Tokyo Street Street branch Reuters.
In this context, The dollar index-which measures the power of the US currency compared to its main competitors-is 0.10 % to 102.910 points. Since reaching a maximum of two years in mid -January, this rate has reduced the value of more than 6 %.
Despite the widespread decrease, the dollar is able to recover the ground compared to the Japanese currency, which advances 0.36 % to 149.74 yen. The Bank of Japan begins on Tuesday (BOJ) its two -day monthly meeting, and although it is not expected that the monetary authority will rise in interest rates this month, it is expected that the tightening of monetary policy will be this year.
However, if Boj adopts a more “dovish” position on its expectations and the message about the effect of Trump’s tariff on the economy, INE may lose more terrain. “This can be the biggest danger: no more change and position” Dovish “,” explains Wakapaishi.
