Business Maverick: Euro clings to parity with dollar as markets await US inflation data

📆 13/07/2022 10:54:00
📰 dailymaverick

⏱ Reading Time:
27 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 84%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

The euro still above $1 but US CPI is a stern test, while the pound sterling is adrift as markets wait for the Tories to choose a leader in the UK.

The euro hovered a whisker above parity on the dollar on Wednesday ahead of US inflation data, with traders wary a sky-high reading could force it to lows not seen in decades.

Analysts say it could fall further if fast-rising US consumer prices keep investors betting on US rate rises. The euro fell below parity with the Swiss franc last month and is flirting with a drop beneath its 200-day moving average against the pound. It was under pressure at 137.055 per dollar on Wednesday after hitting its lowest since 1998 on Monday at 137.75.Sterling has also slipped on the stronger dollar and analysts see it adrift in the wake of the resignation of British Prime Minister Boris Johnson last week.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

US equity futures drop with stocks as dollar jumps: markets wrapMost Asian stocks dropped along with US equity futures Monday and the dollar jumped as the risk of more Covid curbs in China exacerbated overarching worries about the global economic outlook. Moneyweb Covid Equity
La source: Moneyweb - 🏆 5. / 77 Lire la suite »