Forex: The Dollar is retreating in the face of business uncertainty, the Euro bounces

© Reuters. – The u.s. dollar depreciated on Friday, the traders who have well digested the impact of the headlines on the trade.

The dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.1% to 97,593, at 16: 15.

U.s. manufacturing activity reached Thursday, its lowest level in nearly a decade in may, which could mean the slowdown of the u.s. economy.

Trade tensions have subsided on Friday after the us president, Donald Trump has declared that an agreement with China could include Huawei in one form or another. The administration has placed the chinese giant of the technology on a “black list,” causing a ripple effect among technology companies in the world.

The greenback was flat against the japanese yen, with USD/JPY at 109,56. USD/CAD fell 0.2% to 1,3444.

The euro was up after the surprising victory of the Dutch labour Party Frans Timmermans in the european elections. EUR/USD gained 0.2% to 1,1197.

The book seemed impervious to the prime minister Thersea May, who announced his resignation on 7 June. The GBP/USD rose 0.1% to 1,2667, while the EUR/GBP was up 0.8% to 0,8838.

Like this post? Please share to your friends:
Leave a Reply