The Dollar continues to decline while the Yuan strengthens and the GBP found support

The u.s. dollar continued to decline Monday morning, with the greenback slipping for the third day in a row.

The dollar index has lost 0.04% 96,512 at 10h05.

The dollar lost ground against most currencies, the exchange was relatively thin before New Year holiday on Wednesday.

The pair AUD/USD rose 0.15% to 0,6987 and the NZD / USD rose 0.15% to 0,6708.

The pair USD/JPY lost 0.22% at 109,17, the japanese currency is about to finish 2019 at roughly the same level as it had begun.

The people’s Bank of China fixed the reference rate for the yuan to 6,9805, stronger than the 6,9879 set Friday, while the yuan continues to strengthen from its highest in five months.

The official index of purchasing managers (PMI) of China is expected to be released on Tuesday, followed on Thursday by the PMI Caixin, which will give both an indication of the state of the chinese economy.

The markets are still waiting impatiently for the signing of a trade agreement-phase a between the United States and China, but also monitor a peak in tensions in the Korean peninsula, in particular of the missile testing in North Korea around the new year.

The GBP/USD rose 0.10% to 1,3089, the pound found some support after the president of the European Commission, and Ursula von der Leyen, said that the EU might need to extend the time limit for the negotiations on the Brexit.

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