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London (awp / afp) – The euro fell against the dollar on Friday after the publication of disappointing indicators for the bloc of the single currency.
Around 10:00 GMT (11:00 CET), the euro was worth 1.1292 dollars, against 1.1361 Thursday at 2200 GMT.
Investors digested worse than expected: private sector growth in the euro area hit its lowest level in more than four years in December, according to the first estimate – at 51.3 points – Markit's composite PMI index released on Friday.
An index greater than 50 indicates an expansion of the activity, while it decreases if the index is below this threshold.
The decline in activity growth in the eurozone "is almost entirely due to the sharp decline in France, which suggests perhaps that the manifestations of + yellow vests + have had significant economic consequences," explained analysts of Capital Economics.
In France, activity fell in December to its lowest level in two and a half years, to 49.3 points against 54.2 in November.
"The euro continues to be hampered by a terrible series of disappointing economic data," said Stephen Innes, an analyst for Oanda, while the European Central Bank (ECB) lowered the day before 0.1 point its growth forecasts for 2018 and 2019.
Thursday, central bank president Mario Draghi, was both optimistic about inflation and pessimistic about growth, highlighting the economic risks that accumulate in Europe for several months.
As for the British pound, it fell against the dollar and rose against the euro.
Thursday, British Prime Minister Theresa May, survivor of a vote of no confidence in his party, assured that it could obtain the ratification of the Brexit agreement by the deputies if the European Union offered the guarantee that this text would not "trap" the UK indefinitely in a customs union with the EU.
A request that has annoyed the Europeans, who repeated Thursday at a summit in Brussels that the divorce agreement could "not be renegotiated".
"The signals" issued by Ms. May "are not particularly reassuring" on the ability of London to honor the commitments made on the Brexit agreement, said Friday the Belgian Prime Minister Charles Michel.
Around 10:00 GMT Thursday, the dollar fell slightly against the Japanese currency, 113.52 yen to the dollar against 113.63 yen Thursday night.
The euro lost ground against the Japanese currency, 128.20 yen for one euro against 129.06 yen the day before.
The Swiss franc rose against the euro at 1.1261 Swiss francs for one euro against 1.1291 on Thursday night, and fell against the dollar at 0.9972 Swiss francs for a greenback against 0.9942 the day before.
The Chinese currency was losing ground against the greenback at 6.9022 yuan against the dollar against 6.8816 around 1530 GMT Thursday.
The ounce of gold was worth 1,239.04 dollars against 1,241,99 dollars Thursday at 22:00 GMT.
Finally bitcoin was trading at $ 3,257.76 against $ 3,254.81 on Thursday, according to figures compiled by Bloomberg.
Friday class Thursday class
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10:00 GMT 22:00 GMT
EUR / USD 1,1292 1,1361
EUR / JPY 128.20 129.06
EUR / CHF 1,1261 1,1291
EUR / GBP 0.8974 0.8973
USD / JPY 113.52 113.63
USD / CHF 0.9972 0.9942
GBP / USD 1.2584 1.2643
ktr / jbo / jug
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