Investing.com – The dollar gained positions relative to other major currencies Tuesday as investors awaited the statements of the president of the Federal Reserve, Janet Yellen, planned for the course of the day, given the uncertainty raised about when the next rise in interest rates in the US will materialize.
, which follows the evolution of this currency against a basket of six other major currencies, rose 0.22% to 96.20, remaining below the highs registered week and a half Monday at 96.42.
the dollar fell as discouraging the consumption data and US inflation caused Monday the Atlanta Fed revised downward its forecast for first-quarter growth.
the Atlanta Fed revised down its growth forecasts for the first quarter from 1.4% to 0.6% .
According to the Department of Commerce, in February increased 0.1%, matching expectations of economists, although consumption January was revised sharply downward.
Meanwhile, the PCE price index core, the main indicator of inflation for the Fed, fell 0.1% last month, and rose only 1% in annual terms.
This data indicate that the Fed may raise rates gradually this year, despite adjustments in the labor market.
the euro lost positions, leaving the pair 0.14% to the level of 1, 1181.
the dollar also gained against the yen positions, advancing 0.21% torque to the level of 113.68.
the yen was under great pressure after Japanese Prime Minister Shinzo Abe announced Tuesday that it will proceed to raise sales tax next April unless the economy suffers a setback.
Many analysts had expected Abe postpone tax increases, which could threaten the fragile economic recovery in Japan,
the pound lost positions, leaving the pair 0.32% to the level of 1.4209, pulling away from highs nearly a week of record on Monday at 1.4281.
The currencies linked to commodities also lost positions, the pair fell 0.24% to 0.7526 level, the advanced 0.16% to 0.6734 and scored a up 0.2% to 1.3213 level.
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