The Chinese yuan is recovering and the euro rises to its highest level in about 4 weeks



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The yuan has rebounded and the euro has reached its highest level since Monday, June 14 as investors took riskier badets after posting favorable data on US jobs last week and indicating that trade tensions have not slowed down the economy. That investors are unaware up to here the escalation of the trade dispute between the United States and China, and affect the focus on favorable economic data. Figures show a sharp rise in German exports, which also amplified sentiment. [19659002] The pound resisted the resignation of the minister from the EU's EU exit due to opposition to the new plan of Prime Minister Theresa Mae.

Sterling rose to $ 1.3328 as traders focused on the increasing likelihood of a "smooth exit from Britain's EU"

The Yuan rose by half a percent in foreign markets The lowest since June 14. The dollar rose 0.3 percent to $ 1.1779, its highest level since June 14, as the US currency lost large-scale losses.

The Dollar Index, which measures The Dollar lost about 0.5% Friday to reach 93.921, its lowest level since June 14, as US payroll data closely followed the disappointing expectations of the US dollar. market.

Data showed that the average hourly income in the United States increased by five cents or 0.2 percent in June, following a 0.3 percent rise in May. This suggests that moderate inflationary pressures have dampened expectations that the Federal Reserve would raise interest rates four times in 2018.

Friday's data also showed that jobs in non-farm sectors have increased more than expected to 213,000 jobs

The dollar has changed little in relation to the Japanese currency to settle at 110.49 yen after falling 0.2% on Friday

The Australian dollar, indicator of A slowdown related to China due to Australia's reliance on Chinese demand 0.5 percent to US $ 0.74 63 US Dollars.

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