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The euro fell on the European market Friday against a basket of world currencies, continuing its losses for the fourth consecutive day against the US dollar, the lowest level for more than a week, the first Weekly loss in a month Europe and the United States, as well as the weak demand for safe haven badets.
The euro fell more than 0.3% at 07:30 GMT, trading at $ 1,1630, opening price at $ 1,1670, the highest at $ 1,1675 and the lowest at $ 1,1626. .
The euro ended yesterday's session down less than 0.1% against the dollar, its third consecutive daily loss, as the US currency continued to rise after the data American inflation.
During the week, the euro lost up to now 0.9% against the dollar, with its first weekly loss in a month, with new worries about the dollar. deepening monetary policy divergence in Europe and the United States.
The dollar index rose 0.35% on Friday, extending its fifth consecutive day, peaking at 94.88 points in two weeks, reflecting continued purchases of US currencies against a basket of major currencies and minor, especially against low yielding currencies. And the Japanese yen.
The pursuit of US currency purchases follows US inflation data in June, which has heightened the likelihood that the US Federal Reserve will accelerate monetary tightening and raise interest rates twice this year. year.
Significant economic data from Europe on the global market, investors continuing to focus on the fundamentals and weak interaction with US-China trade tensions, the euro is expected to continue falling in the next negotiations. ] Words of the Bible
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