The dollar climbed on Wednesday to a three-week high against the euro and a basket of relevant currencies, before renewed expectation that the Federal Reserve could again, soon, increase interest rates.
In Colombia the dollar opened at $ 3,040 rising
to a maximum of $ 3,050 and a minimum of $ 3,025.
Consumer prices in the United States recorded
its biggest gain in more than three years in April by increases in gasoline and
rents, while other
data showed that construction starts and industrial production rebounded
strongly, which added arguments for a rate increase soon .
A Fed authority assured that he will push for a
rise in interest rates in June or July and two other officials still see up to
three rate increases this year, leaving the door open to a change in monetary
policy in a relative short term.
The estimate of the probability of a rate hike
in December rose to 70%, with 50% chance of an increase to September, while the
option of an increase in June stood about 15%, exceeding 4% that was before the
release of economic reports on Tuesday, according to Fedwatch .
The dollar index climbed 0.4% to 94.99, its highest level since April 25. The euro fell to a
three-week low of US $ 1.1255, while the US currency rose 0.3% to 109.50 yen.
Attention was now set in the notes of the last
meeting of the Fed, which will later be known on Wednesday, as it is expected
to give investors some context about the debates surrounding the outlook for
growth and inflation that were carried out in the April meeting of the Federal
Open Market Committee of the US central bank.
Previously the yen had risen against the dollar after
data showed that Japan's economy unexpectedly expanded at the fastest pace in a
year in the first quarter, exceeding expectations.
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