The dollar falls for the fourth consecutive day and is already trading below $ 36.50 – Business – 06/09/2019

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The dollar interbank added its fourth consecutive low, this time of 0.45%, to quote on average at $ 36,429. For the first time in nine days, it trades below $ 36.50.

The US interbank currency was traded between $ 36.40 and $ 36.46, to close at the latter price.

The central bank It still does not intervene in September, after which in August it sold reserves totaling US $ 395.9 million to contain the rise of the US currency, which rose 6.67% in the month, the largest monthly increase since May 2018.

To the public, on blackboards Republic Bank, the dollar fell 15 hundredths and closed today at $ 35.71 on purchase and $ 37.21 on sale.

Globally, the dollar fell today

The dollar fell slightly today against a basket of currencies, but remained on a minimum of one week, after disparate employment data in U.S in August they reinforced the vision of a slowdown in growth and the possibility of further interest rate cuts by the Federal Reserve (Fed)

The president of the Fed, Jerome PowellHe did little to change those expectations. In an event today, he mentioned the risk of commercial tension between Washington Y Beijing derail the longest economic expansion in the United States of which there is a record.

"We will act as appropriate to sustain the expansion," Powell said in a panel in Zürich.

The Labor Department said employers added 130,000 jobs in August, below the 158,000 economists expected by Reuters, while average hourly wages increased by 4%, slightly above the projected 3%.

"The job data was disparate enough," said Marc Chandler, chief market strategist at Bannockburn Global Forex LLC. "The market is not going to change its view that there will be a rate cut at the end of September," he added.

The dollar index, which follows the currency against six major currencies, fell 0.03% to 98,386, after registering a minimum of one week of 98,085 on Thursday.

The dollar lost ground to its rivals this week after a reduction in global tension, mainly because China Y U.S They agreed to hold high-level trade negotiations in October.

(WITH REUTERS INFORMATION)