{"id":38851,"date":"2025-08-04T09:24:22","date_gmt":"2025-08-04T09:24:22","guid":{"rendered":"https:\/\/onequity.com\/dollar-falls-sharply-after-poor-employment-data-will-the-fed-cut-rates-next-month\/"},"modified":"2025-08-22T08:44:22","modified_gmt":"2025-08-22T08:44:22","slug":"dollar-falls-sharply-after-poor-employment-data-will-the-fed-cut-rates-next-month","status":"publish","type":"post","link":"https:\/\/insights.onequity.com\/es\/dollar-falls-sharply-after-poor-employment-data-will-the-fed-cut-rates-next-month\/","title":{"rendered":"El d\u00f3lar cae bruscamente tras los malos datos de empleo; \u00bfrecortar\u00e1 la Fed los tipos el pr\u00f3ximo mes?"},"content":{"rendered":"\n<p>El d\u00f3lar estadounidense continu\u00f3 su ca\u00edda el lunes, prolongando las fuertes p\u00e9rdidas del viernes tras un decepcionante informe sobre el mercado laboral estadounidense que reforz\u00f3 las expectativas de una pronta subida de los tipos de inter\u00e9s por parte de la Reserva Federal.<\/p>\n\n\n\n<p>A las 04:20 ET (08:20 GMT), el&nbsp;<a href=\"https:\/\/insights.onequity.com\/es\/understanding-the-dxy-index-a-key-to-forex-and-global-market-insights\/\">\u00edndice del d\u00f3lar estadounidense<\/a>, que mide la cotizaci\u00f3n del d\u00f3lar frente a seis&nbsp;<a href=\"https:\/\/insights.onequity.com\/es\/unlocking-the-global-currency-market-a-beginners-guide-to-forex\/\">divisas<\/a>principales, cay\u00f3 un 0,2 % hasta situarse en 98,722, tras caer m\u00e1s de un 1 % el viernes.<\/p>\n\n\n\n<p>El informe del viernes mostr\u00f3 que el empleo no agr\u00edcola solo aument\u00f3 en 73 000 puestos en julio, muy por debajo de las expectativas, junto con importantes revisiones a la baja de los datos de mayo y junio. La tasa de desempleo subi\u00f3 al 4,2 %, lo que intensific\u00f3 las preocupaciones sobre el enfriamiento del mercado laboral. Como resultado, los mercados ahora descuentan una probabilidad del 90 % de que la Fed recorte las tasas en septiembre.<\/p>\n\n\n\n<p>Este cambio de sentimiento arrastr\u00f3 a la baja los rendimientos de los bonos del Tesoro, con el rendimiento a dos a\u00f1os cayendo a un m\u00ednimo de tres meses del 3,6590 % y el rendimiento a diez a\u00f1os rondando un m\u00ednimo de un mes del 4,2493 %.<\/p>\n\n\n\n<p>A la debilidad del d\u00f3lar se sum\u00f3 la inesperada dimisi\u00f3n de la gobernadora de la Fed, Adriana Kugler, lo que abre la puerta a que el presidente Trump nombre a un sustituto m\u00e1s moderado, lo que podr\u00eda aumentar la presi\u00f3n interna sobre el presidente de la Fed, Jerome Powell, para que adopte una postura m\u00e1s flexible. Los analistas de ING se\u00f1alaron que estos acontecimientos podr\u00edan inyectar primas de riesgo adicionales en los activos estadounidenses, especialmente antes de las subastas de bonos del Tesoro por valor de 125 000 millones de d\u00f3lares que se celebrar\u00e1n esta semana con vencimientos m\u00faltiples.<\/p>\n\n\n\n<p>Mientras tanto, el presidente Trump tambi\u00e9n destituy\u00f3 a la comisionada de la Oficina de Estad\u00edsticas Laborales, Erika McEntarfer, acus\u00e1ndola, sin pruebas, de manipular los datos de empleo. La medida desestabiliz\u00f3 a\u00fan m\u00e1s los mercados, ya preocupados por la credibilidad de los informes econ\u00f3micos estadounidenses.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>El euro apunta a 1,1700 gracias al fortalecimiento del mercado laboral<\/strong><\/h2>\n\n\n\n<p>El euro cay\u00f3 un 0,2 % hasta 1,1563 el lunes, cediendo parte de las ganancias del viernes. No obstante, los analistas prev\u00e9n que la moneda seguir\u00e1 al alza.<\/p>\n\n\n\n<p>\u00abCon un m\u00ednimo clave situado cerca de 1,1400, esperamos un fuerte inter\u00e9s comprador en torno a 1,1500-1,1520, con 1,1700 como objetivo razonable a corto plazo\u00bb,<\/p>\n\n\n\n<p>afirm\u00f3 ING.<\/p>\n\n\n\n<p>Las perspectivas del euro se ven respaldadas por el descenso del n\u00famero de desempleados registrados en Espa\u00f1a, que en julio se redujo un 0,1 % hasta los 2,40 millones, el nivel m\u00e1s bajo desde junio de 2008.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>La libra esterlina cae y el franco se debilita a\u00fan m\u00e1s<\/strong><\/h2>\n\n\n\n<p>El GBP\/USD cay\u00f3 un 0,1 % hasta 1,3274, mostrando una reacci\u00f3n limitada a la debilidad generalizada del d\u00f3lar.<\/p>\n\n\n\n<p>Mientras tanto, el USD\/CHF subi\u00f3 un 0,6 % hasta 0,8085, ya que el franco suizo se vio presionado tras la imposici\u00f3n de fuertes aranceles estadounidenses a los productos suizos. Seg\u00fan ING, si estos aranceles se mantienen, podr\u00edan aumentar las presiones deflacionistas existentes, con el IPC suizo ya rondando el 0 %.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>El yen retrocede, mientras que el d\u00f3lar australiano y el yuan suben ligeramente<\/strong><\/h2>\n\n\n\n<p>El USD\/JPY subi\u00f3 un 0,3 % hasta 147,94, ya que el yen retrocedi\u00f3 parte de las ganancias obtenidas la semana pasada gracias a su condici\u00f3n de refugio seguro. La divisa hab\u00eda obtenido un rendimiento superior el viernes en medio de las crecientes tensiones geopol\u00edticas y el aumento de la aversi\u00f3n al riesgo.<\/p>\n\n\n\n<p>Por otra parte, el AUD\/USD subi\u00f3 un 0,1 % hasta 0,6482, mientras que el USD\/CNY cay\u00f3 un 0,5 % hasta 7,1763 tras los comentarios del secretario del Tesoro de EE. UU., Scott Bessent, quien se mostr\u00f3 \u00aboptimista\u00bb sobre un posible acuerdo comercial con China.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>El d\u00f3lar estadounidense continu\u00f3 su ca\u00edda el lunes, prolongando las fuertes p\u00e9rdidas del viernes tras un decepcionante informe sobre el mercado laboral estadounidense que reforz\u00f3 las expectativas de una pronta subida de los tipos de inter\u00e9s por parte de la Reserva Federal. A las 04:20 ET (08:20 GMT), el&nbsp;\u00edndice del d\u00f3lar estadounidense, que mide la [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":38141,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[278,273],"tags":[289],"class_list":["post-38851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","category-currencies","tag-currencies-es"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>El d\u00f3lar cae bruscamente tras los malos datos de empleo; \u00bfrecortar\u00e1 la Fed los tipos el pr\u00f3ximo mes? - OnEquity<\/title>\n<meta name=\"description\" content=\"El d\u00f3lar cae tras los d\u00e9biles datos sobre el empleo, que alimentan las apuestas por una bajada de tipos de la Fed; el euro, el yen y el yuan reaccionan al cambio de sentiment del mercado.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insights.onequity.com\/es\/dollar-falls-sharply-after-poor-employment-data-will-the-fed-cut-rates-next-month\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El d\u00f3lar cae bruscamente tras los malos datos de empleo; \u00bfrecortar\u00e1 la Fed los tipos el pr\u00f3ximo mes? 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