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New York (awp / afp) – The British pound, which has been particularly turbulent since the beginning of the week, fell to a 10-month low against the dollar on Wednesday as the euro eased back against the greenback
Around 19H00 GMT (21H00 in Paris), the single European currency was worth 1.1648 dollars, against 1.1661 dollars Tuesday around 2100 GMT.
The European currency was also down against the Japanese currency 131 , 43 yen against 131.63 yen Tuesday evening.
The dollar stabilized against the yen at 112.84 yen against 112.88 yen Tuesday evening.
"The pound remains the biggest loser of the week" on the foreign exchange market "between weak data on the British economy and growing concern over Brexit," noted Omer Esiner of the Commonwealth Foreign Exchange.
The United Kingdom's currency thus fell to its lowest level since March against the euro, at 89.32 cents for one euro, and since September $ 1.3010 to the dollar.
The foreign exchange market was focused Wednesday on British inflation, which stood at 2.4% in June year on year, below market expectations. 19659002] "Low inflation begins to sow doubt among investors about the Bank of England's next interest rate hike (BoE)," said FXTM badyst Lukman Otunuga.
BoE, which currently has a key rate down to 0.5%, could raise it at its next meeting in August, but low inflation and uncertainties around the Brexit could delay this decision. [19659002Butariseinthecentralbank'skeyratesmakesamorelucrativecurrencyandanypostponementtendstoweighonthecurrency
Forex traders also monitored the statements of US Central Bank (Fed) President Jerome Powell, who Wednesday answered questions from parliamentarians from the House of Representatives after those of Senators Tuesday.
He had then affirmed that the institution intended to stay the course of its monetary policy, gradually raising the interest rates in spite of the uncertainties related to the arm wrestling. commercial, comments that supported the US currency.
The boss of the Fed did not make surprising new announcements Wednesday.
The publication of the beige book of the institution, which draws a statement of the the economy in June and early July, did not much moved the currency traders.
The report underlines that the concern about tariffs is spreading among American industrialists but also that globally, the activity of the first world economy continued to grow moderately.
In the eurozone, inflation was confirmed at 2% in June over a year, according to Eurostat.
Around 19:00 GMT, the ounce of gold was worth $ 1,227.86, co between $ 1,227.57 Tuesday at 9:00 pm GMT
The Chinese currency finished at 6.7189 yuan for one dollar, against 6.7224 yuan for a dollar Tuesday at 1530 GMT.
Bitcoin was worth 7,423.56 dollars , against 7.314,00 dollars Tuesday night, according to figures compiled by Bloomberg.
Wednesday price Tuesday course
———————- —————–
19:00 GMT 21:00 GMT
EUR / USD 1,1648 1,1661
EUR / JPY 131.43 131.63
] EUR / CHF 1,1640 1,1662
EUR / GBP 0.8918 0.8890
USD / JPY 112.84 112.88
USD / CHF 0.9993 1,0001
GBP / USD 1,3061 1,3115
afp / rp
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