Nevertheless,
Dollar cowardly ballast, weighed down:
Around 1 p.m., the greenback fell 0.23% against the single currency, to 1.1688 dollars for one euro, and returns 0.13% in the book, to 1.3523 dollars. Consequently,
The dollar fell on Tuesday with a view to resuming the decreases in American rates. Nevertheless, little affected by the meeting between the American and Ukrainian presidents. However, The attention is mainly focused on a conference of central bankers planned during the week.
“The dollar index has changed little” after the interview with Washington on Monday between Donald Trump. However, his counterpart Volodymyr Zelensky, on a “prudently optimistic” market as to possible diplomatic advances, notes Patrick Munnelly, analyst at Tickmill.
Any territorial concessions required by Russia in Ukraine have not been discussed. Furthermore, the security guarantees mentioned for kyiv are still vague. But the American president must start the preparations for a meeting between dollar cowardly ballast, weighed down Mr. Zelensky and Vladimir Putin.
“If negotiations lead to a resolution of the conflict in Ukraine. they could strengthen the support of European currencies,” said Lee Hardman, analyst at MUFG.
Investors are mainly preparing for a crucial week with the annual conference of the Federal Reserve (Fed) which brings. together many central bankers in Jackson Hole (Wyoming).
The boss of the American central bank Jerome Powell will speak on Friday on Friday. “could provide indications on the future development of interest rates,” said Munnelly.
On Wednesday is also expected the summary (“minutes”) of the last meeting of the July Fed.
Despite the recent surge in production prices. the market largely favors the hypothesis of a drop in rate at the end of the next Fed meeting on September 16 and 17, according to the CME monitoring tool, Fedwatch.
Around 10:55 a.m. GMT (12:55 p.m. HEC), the greenback fell 0.23% against dollar cowardly ballast, weighed down the single currency, to 1.1688 dollars for one euro, and released 0.13% in the book, to 1.3523 dollars.
Meanwhile. in the United Kingdom, “a recent series of stronger than expected economic data has helped to appease fears of a more marked slowdown in the British economy,” notes Mr. Hardman.
According to Deutsche Bank analysts. the probability of a new drop in the Bank of England this year “fell temporarily” fell only 45% at a given time “on Monday, meaning that it is” considered unlikely “.
After an unexpected rebound in British inflation in June. the July figures will be watched closely on Wednesday by the market.
Analysts expect the rise in prices to accelerate slightly at 3.7% over a year in the country, according to the consensus established by Bloomberg.
Dollar cowardly ballast, weighed down
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