(See also: The dollar started the week with a good rise, but not as much as the inflation data)
The dollar in the Set FX market traded at a maximum price of $4,842 and a minimum of $4,761. The opening of the dollar was $4,775, while the The average was $4,812, a figure that is $44.81 away from the TRM in force this December 5 of $4,767.19.
The trading volume this Monday was below the recent average and US$ 653 million was traded in 1,156 operations. According to a recent report from the Stocks and Securities broker, Today, “the dollar (USD) remains bearish (-0.11%), despite Friday’s solid non-farm payroll report. The USD is being pressured lower by investor expectations, which appear to have fully priced in a midpoint interest rate hike from the Fed.
Hoythe market’s attention will be focused on the publication of the ISM non-manufacturing and the PMI of services for November, which if aligned with expectations and shows a contracting economy, might extend the weakness of the dollar.
The The prospect of a relaxation of the management measures of the Covid-19 in China may contribute to a decrease in risk aversiondecreasing the demand for the dollar as a safe haven asset and allowing the recovery of emerging markets”, says the analysis.
