U.S. Dollar Advances Following Strong PMI Data
21 Junho 2024 - 9:32AM
RTTF2
The U.S. dollar was higher against its major counterparts in the
New York session on Friday, as the nation's private sector activity
accelerated in June, marking the highest level since April
2022.
Flash PMI data from S&P Global showed that U.S. composite
PMI reached a twenty six-month high in June, rising to 54.6 from
54.5.
The services PMI increased to 55.1 from 54.8 and manufacturing
PMI advanced to 51.7 from 51.3. Both of these readings exceeded
expectations.
Prospects for further policy divergence strengthened as the
Swiss National Bank delivered another rate cut and the Bank of
England signaled its first rate cut in August.
On the other hand, the Fed is expected to start reducing
interest rates in September and again deliver one more rate cut in
November or December.
The greenback climbed to more than a 5-week high of 1.2621
against the pound, 1-week high of 0.8945 against the franc and near
a 2-month high of 159.62 against the yen, off its early lows of
1.2673, 0.8903 and 158.66, respectively. The greenback is seen
finding resistance around 1.24 against the pound, 0.92 against the
franc and 160.00 against the yen.
The greenback touched 0.6636 against the aussie and 0.6111
against the kiwi, setting 3-day highs. The currency is likely to
locate resistance around 0.64 against the aussie and 0.60 against
the kiwi.
The greenback rose to 1.3718 against the loonie, from an early
2-week low of 1.3674. Next key resistance for the currency is seen
around the 1.39 level.
The greenback advanced to a 1-week high of 1.0670 against the
euro and held steady thereafter. If the greenback continues its
uptrend, 1.05 is possibly seen as its next resistance level.
US Dollar vs CHF (FX:USDCHF)
Gráfico Histórico de Câmbio
De Ago 2024 até Set 2024
US Dollar vs CHF (FX:USDCHF)
Gráfico Histórico de Câmbio
De Set 2023 até Set 2024