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The single currency of the European Union fell during the US session, after reversing its second session since June 14 against the US dollar as a result of economic developments and economic data of the euro area and the euro area. 39, American economy.
At 15:28 GMT, the EURUSD fell 0.21% to 1.1726, compared with the opening at 1.1751 after the pair hit a lows of 1.1690 and a high of 1.1763. .
The eurozone's second largest economy publishes French industrial production, which shows a contraction of 0.2% vs. 0.5% in April, before seeing the same indicator of the Italian economy, the third largest economy in the world. The region is up 0.7% from 1.3% in April, lower than expected by a gain of 0.9%.
It was before the release of the July ZEW Economic Sentiment for the German economy and the economies of the euro area as a whole, which showed the decline of Germany to 24.7 from 16.1 in June, worse than expected for a drop of 17.9, and the overall decline of the euro area economies to 18.7 from 12.6 was also worse than the decline of 13.2.
Otherwise, we followed earlier in the day the decisions of the President of the European Council, Donald Tusk, in which he said in the United States that he would not receive a better ally from the countries of the United States. EU and that he would respect his allies. That US President Donald Trump should know the friends of the United States of their enemies.
This comes hours after the testimony of the governor of the European Central Bank Mario Draghi on Monday before the Economic and Monetary Affairs Committee of the European Parliament in Brussels on the economy, monetary policy and virtual currencies in addition to his testimony before the Council. Highlighted the moment of rising interest rates on European funds next year.
Draghi said yesterday that core inflationary drivers are still strong and expected to rise in the coming period, adding that the risks for local growth are still balanced, expressed by the European Central Bank's confidence in the rate of inflation. Inflation All the Bank's policies are in line with this objective, and the ECB expects interest rates to remain at their current zero level until the end of the year. summer 2019, while respecting the reinvestment rules.
On the other hand, we followed the US economy to reveal employment statistics and turnover for May, which declined to about 6.64 million against about 6.84 million last April, with the exception of expectations of 6.88 million, 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 Analysts, members of the Federal Open Market Committee are going ahead with tighter monetary policy and increasing opportunities to raise interest rates on federal funds to four repeated this year
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