The euro managed to beat the dollar in the first day of the week, after three days of consecutive loss, weighing heavy on the market the concern for the outcome of the meeting of the Federal Reserve this week.
A rise in inflation expectations on the rise in the price petroleum could not manage to drive the u.s. currency.
The experts give almost for granted that the central bank of american will raise the interest rate, so that the concern of the market focuses on what signal it will send about the future of their policy and what impact it will have in the advance of 7 per cent of the dollar against a basket of six leading currencies since early October.
The European Central Bank (ECB) has set Monday as the official quotation of the euro against the dollar at 1.0596, an increase of 0.0037 units, 0.35 percent, compared to the previous day, when it traded at 1.0596 dollars.
Another factor in the drop in the dollar index was the robust gain in the canadian dollar following the agreement reached over the weekend between the OPEC and producers outside the group to reduce production.
The covenant he made up the price of crude oil by about 5 percent, to their highest levels in a year and a half. The other currency is important in the developed world, linked to oil, the Norwegian krone, gained 0.7 percent against the dollar.
expectations of an increase of the global inflation gave support to the dollar against other leading currencies in the past month and operated with the greatest strength against the japanese yen, topping 116 yen for the first time since early February.
however, dealers said that the signs that Italy is ready to rescue the troubled Monte dei Paschi bank, the third largest in the country, were feeding also the recovery of the euro, after the heavy losses generated after the meeting of the European Central Bank last week.
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