Positive stability of the euro in the single currency against the US dollar and attention to Draghi's testimony before the European Parliament

The single currency of the European Union region fluctuated in a slightly bullish range during the US session, its highest since June 14 against the US dollar following developments and economic data followed Monday by the US eurozone economies, Mario Draghi of the European Union before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels and amid the lack of economic data from the US economy, the world's largest economy with the beginning of the exchanges this week.

At 15:45 GMT, the EURUSD rose 0.02% to 1.1748 from the opening at 1.1746 after the pair reached its highest level in four weeks at 1 , 1791, while the lowest was reached in Session session at 1.1737.

We followed the largest economy in the euro zone Germany published the reading of the trade balance, which showed a surplus of 20.3 billion euros in anticipation against 19.0 billion euros. In April, before seeing the publication of the index The consumer sentiment of Centex for the whole region has widened to 12.1 from 9.3 in June, contrary to the forecast of widening to 9.0.

ECB Governor Mario Draghi's testimony before the Economic and Monetary Affairs Committee of the European Parliament in Brussels on the economy, monetary policy and virtual currencies, as well as his testimony before the European Regulatory Risk Board . Increase interest rates on European funds next year.

Draghi notes that the core inflationary drivers are still strong and that they are expected to rise over the coming period, adding that the risks for local growth in the euro area are still balanced, expressed by the confidence of the ECB. He said that all the Bank's policies are in line with this goal and that the ECB expects interest rates to remain stable at current zero levels until the end of the year. summer 2019, while respecting the reinvestment rules.

In another context, German Chancellor Angela Merkel said that her country remained committed to the nuclear deal with Iran, explaining that it would not compel companies to stay in Iran and that each company would have the right to decide to invest in it. On the other hand, the French Finance Minister, Bruno Lemerre, noted that the United States should expect a strong unified reaction from Europe if it imposes further tariff increases on Europe. European products.