The single currency rose for the first time in four sessions against the US dollar in its first session this month

DUBAI – The single currency of the European Union (EU) region has risen nearly 1% during the US session to recover at its second-lowest since August 15, the year of its most low since June 28, 2017 against the dollar The US economy faces a lack of economic data from the economies of the euro zone and the developments and economic data that followed Thursday on the US economy.

The pair rose 0.73% to 1.1395, compared to opening levels at 1.1322 after the pair reached a high of 1.1413 and a low of 1.1309. The pair is currently performing the best daily performance since September 20th.

We followed up with Sabine Wyand, the EU's chief negotiator, Michel Barnier, who is very skeptical about the possibility of reaching an agreement between the European Union and Great Britain on the regular exit of the EU. the Union in the next three weeks or the 21st of this month. The European Commission has declared that it can not confirm the date of the next meeting between Mr Barnier and the British Minister for Retirement Dominique Rapp, who expressed the wish of the Commission to reach an agreement and that negotiations continue between the two countries. parts.

In another context, the Italian Prime Minister Giuseppe Conte stressed that the poor economic data of the third largest economy of the euro area should not be attributed to his government, adding that the positive effects of economic reforms in the new budget does not Will appear only in 2019, adding that the dialogue with the European Commission The budget of his government does not mean reciprocal concessions between the two parties: he notes that the Conté government is aiming for a budget deficit of 2.4% , breaking certain rules of the European Union demanding that the deficit does not exceed 2% of GDP.

In addition, we followed the US economy's reading of the job application index for the week ending Saturday, with a decrease of 214,000 requests compared to 216,000 requests the previous week, contrary to expectations. of 213,000 requests in the continuous application index for the past week. On October 20, it fell to 1,631,000 against 1,638,000, down from expectations of 1,639,000.

This development occurred in parallel with the publication of the preliminary reading of the cost index of a work, which recorded an increase of 1.2% compared to a decline of 1.0% in the second quarter last, exceeding expectations by 1.1%, and at the preliminary reading of the productivity index of sectors other than agriculture, which showed a slowdown in growth to 2.2%. In line with expectations against 3.0% in the second quarter.

To data from the industrial sector of the world's largest industrial countries with the final reading of the Industrial Purchasing Managers Index by Markit in the United States of America, which showed a contraction of the width at 55, 7 compared to the previous reading for the month of October and expectations at 55.9, up from 55.6 in last September.