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London (awp / afp) – The euro rose against the dollar on Friday as the momentum of the greenback was cut by US President Donald Trump, who believes that the strength of the US currency is "not fair".
Around 14:00 GMT (16:00 CET), the European single currency traded for 1,1709 dollar against 1.1642 dollar Thursday around 2100 GMT.
The European currency stabilized against the Japanese currency at 130.98 yen against 130.94 yen Thursday evening.
The dollar retreated against the yen to 111.86 yen against 112.47 yen Thursday evening.
US President Donald Trump has accused Friday the European Union and China to manipulate their currency and criticized the US Federal Reserve (Fed) for increasing the cost of credit.
"China, the European Union and others manipulate their currency by lowering their interest rates, while the US is increasing rates with a dollar becoming more and more read hard every day, which degrades our competitiveness, "he said in a tweet. "As usual, it's not fair," he added.
"Trump's comments on the Fed's interest rates may create some uncertainty about the policy from Washington to the dollar, "commented Lukman Otunuga, FXTM badyst," but it is unlikely to prevent the institution from raising rates, "he added.
"The strength of the dollar is also the responsibility (of Mr. Trump), who has undertaken protectionist measures and tax reform to boost the US economy," said Lee Hardman, an badyst at MUFG.
rates make the currency more remunerative, and therefore more attractive to investors
M. Trump pointed to the weakness of the Chinese yuan, which hit 6.8149 yuan against the dollar during the Asian session, its lowest level in more than a year.
This drop offers "a significant compensation to Chinese exporters for their loss of competitiveness related to the rise in US tariffs, "said Rajiv Biswas, economist IHS Markit cabinet. The yuan has lost more than 8% of its value since April.
In this context, the remarks of the US president have taken precedence over robust data from the United States.
Weekly claims Unemployment benefits in the United States have fallen to their lowest since December 1969 in a new sign of the tightness of the US job market, according to official data released on Thursday.
The Labor Department has enumerated 207,000 claims unemployment benefits for the week ended July 14th, a decline of 8,000 from the previous week, seasonally adjusted data. This is their lowest level in 48 years.
"After these positive data, the dollar index (which compares the greenback to a basket of other currencies) was at its highest in 12 months", before Mr. Trump does not speak, commented the badysts of Sucden.
Around 1400 GMT, the ounce of gold was worth 1,230.32 dollars, against 1,222,91 dollars Thursday at 21:00 GMT.
The currency Chinese was worth 6.7672 yuan for a dollar, against 6.7751 yuan for a dollar Thursday at 15.30 GMT.
Bitcoin traded for 7,470.18 dollars, against 7,418,82 dollars Thursday night, according to figures compiled by Bloomberg.
Friday Course Thursday Course
———————————– [19659002] 1400 GMT 2100 GMT
EUR / USD 1.109 1.1642
EUR / JPY 130.98 130.94
EUR / CHF 1,1648 1,1634
EUR / GBP 0, 8940 0.8945
USD / JPY 111.86 112.47
USD / CHF 0.9950 0.9987
GBP / USD 1.3100 1.3014
bur-js / pn / tes [19659030]
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