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The single currency of the European Union has fluctuated in a slightly bearish range to see its rebound for the second consecutive session of its highest since June 14 against the US dollar on the eve of economic data expected Tuesday on the economies of the euro area and the US economy. In the world.
At 4:42 GMT, the euro fell 0.07% against the US dollar to 1.1743 against 1.1751 after hitting the lowest level of the 1.1741 session, while reaching a minimum of 1.1763.
Markets are looking for the eurozone's second-largest economy to post industrial output that could reflect a 0.7% gain against a 0.5% dip in April, before seeing the same indicator of inflation. Italian economy as the third largest economy in the euro zone This may also show an increase of 0.9% against a decline of 1.2% in April.
This precedes the publication of the July ZEW Economic Sentiment for the German economy and the economies of the euro area as a whole, which could reflect the growing decline in Germany at 17.9 vs. 16.1 in June, the L & 39. economy of the euro area as a whole at 13.2 against 12.6 in June.
On the other hand, markets are currently waiting for the US economy, the world's largest economy, to post a statistical reading of employment opportunities and the month's turnover. May, which could reach 6.88 million against 6.70 million in April. This comes a few hours after the publication of the US labor market data for the month of June last Friday.
which shows a rise in unemployment to 4.0% compared to the previous month of May and expectations of stability for the third consecutive month, the lowest since the end of 2000 at 3.8%, while the reading of The index The slowdown slowed growth to 0.2% from the previous May reading and expectations to 0.3%.
In the same context, the Nonagricultural Change Index of Non-Agricultural Sector Change showed a slowdown in job creation last year to 213,000 jobs versus about 244,000 jobs in May, 195,000 jobs added, a few hours after the Reserve Bank unveiled Thursday the minutes of the meeting of the Federal Committee on June 12 and 13.
Fed monetary policy officials raised interest rates by 25 basis points for the second time this year, to 1.75% to 2.00%, which was expected by badysts, members of the Federal Open Market Committee are moving ahead with tighter monetary policy and growing opportunities to raise interest rates on federal funds four times this year
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