Investing.com – The u.s. dollar reached its highest level in a week against the euro on Wednesday in early trading in Europe, after data the most disappointing of Germany have pointed out the loss of dynamism in the growth engine of the euro zone.
The commands in German plants decreased by 1.6% in December, their second consecutive monthly decline and the sharpest monthly drop since June.
Economists expected an increase of 0.3% on the month.
The new should lead to the beginning of the year low for German industrial output, which tends to follow the order data with a lag of a month or two.
To 03: 00 ET (08: 00 am GMT), the euro was 1,13383 $, after reaching a minimum of two weeks to 1,1380.
The pound also fell to 1,2926 dollar, its lowest level in two weeks, after that the first minister, Theresa May, has accepted that the so-called “backstop irish” will be part of any withdrawal agreement with the european Union.
This risk, in addition, to ensure that the withdrawal agreement is not approved by the Parliament before the end of the month of march, on which date the Uk will leave officially on the block.
Overnight, the dollar rose slightly against most currencies after the president’s speech Donald Trump, held in extreme disturbance. Trump has again requested funding for a wall on the southern border of the United States, without, however, mentioning the possibility of declaring a national emergency to achieve its objective.
The greenback posted its strongest gains versus the australian dollar, after the governor of the australian central bank, Philip Lowe, has said in a speech that the next evolution of interest rates could be on the decline.
The Reserve Bank of Australia has indicated for over a year that rates have probably reached their lowest level, and failed to mention any additional discounts after you have left its key rate unchanged at its policy meeting yesterday. The pair AUD / USD fell 1.4% to 0,7129, while the NZD / USD fell 0.6% to 0,6847 USD.