Investing.com – The dollar was lower against the yen and the euro in Europe on Friday, but up against the agents of risk, such as the aussie, as traders avoided the risk before a weekend marked by geopolitical tensions.
At 10: 30, the dollar index, which measures the greenback against a basket of six major currencies, was at 97,005, but masked performance variables in relation to the different components of the basket.
Against the yen, the dollar was down 0.15% to 108,20 and is approaching a new low in 14 months, while the euro also rose higher, at 1,1280 dollar.
The chinese yuan has weakened during the asian trading session, a decline which was confirmed later by the disappointing data on the industrial production and investments in fixed assets in may. To 5.0 per cent, the industrial production grew at its slowest pace since 2002.
China has also announced its latest counter-measures in the framework of its dispute growing with the United States, increasing by 10 times the import prices of certain steel pipes originating in the United States and the European Union.
In the United States, a letter signed by hundreds of companies, including Walmart (NYSE: WMT) and Target (NYSE: TGT), called on the president Donald Trump not to proceed with its plan of imposing tariffs on chinese imports additional 325 billion dollars, claiming that they impacteraient businesses, farmers and families in the US.
The administration announced Thursday that it would relinquish the rights of customs duty on solar panels bifaciaux from Asia, and a slight reduction in tensions, given that these panels represent only 3% of the u.s. market, according to the stratègiste UIrich Stephan Deutsche Bank (DE: DBKGn).
The dollar could observe a movement later in the day after a major american publication, including the retail sales for may at 14: 30, industrial production for may at 15: 15 and the sentiment index of the consumption of the University of Michigan at 16: 00.
The british remain under pressure after the first lap of the race to the leadership of the Conservative party who has left Boris Johnson in the first rank of favourites. The pound was down 0.1% against the dollar and the euro before a speech by the governor of the Bank of England, Mark Carney.