The dollar began trading this Tuesday with a slight drop, while investors are attentive to the direction of US monetary policy. which takes pressure off bonds and pushes the currency back.
American currency It opened the day with an average price of $4,025.50, placing it $8.33 below the Representative Market Rate (TRM). which for today is at $4,033.83. During early trading, it fluctuated between a high price of $4,029.00 and a low of $4,024.00.
In the international context, the dollar index, which compares the US currency with a basket of six major currencies, reached its lowest level since the end of August, at 103.17 units, and then fell 0.13%, to 103. 32.
“There is much expectation, and gaining momentum, that the Bank of Japan will abandon its ultra-loose monetary policy (…) possibly next year, ending negative interest rates“Jane Foley, head of foreign exchange strategy at Rabobank, told Reuters.
The yield on US Treasury bonds has fallen on the day as investors bet that the Fed will lower rates next year, after inflation slowed in October.
This has dragged the dollar index down from a nearly one-year high hit in early October, when U.S. economic data consistently beat expectations.
Oil futures fell on Tuesday, reversing the previous day’s rally, as concerns about weaker demand amid a slowing global economy offset the prospect of further cuts. of supply by Opec and its allies such as Russia.
Brent crude oil futures, the benchmark for Colombia, fell US$0.32, or 0.39%, to US$82.00 a barrel during the morning, while West Texas Intermediate (WTI) crude oil lost US$0.33 , or 0.42%, to US$77.50 per barrel.