And retreat euro By about one percent since the beginning of the week until now, falling below the average that has been moving for two hundred days, and reaching $1.0828 in early trading in Asia.
Data yesterday, Thursday, showed growth Retail sales In the United States, higher than expected. And lower European Central Bank Prices Interest By 25 basis points.
Four informed sources told Reuters that the European Central Bank is likely to cut interest rates again in December unless economic data supports otherwise.
Jason Wong, a strategist at BNZ, said that there were several factors that supported it Dollar Among them “Trump’s trades“which are affected by the possibilities of progress Trump In electoral forecasts. His tariff and tax policies are seen as likely to keep US interest rates high.
Chinese growth and activity data are scheduled to be released later Friday, likely to show a slowdown that would put this year’s economic growth target of about five percent at risk.
The Australian dollar, which is sensitive to China’s future expectations due to commodity exports, settled at $0.6697 on Friday, recording a decline of about 0.8 percent during the week.
The New Zealand dollar also fell 0.8 percent during the week and fell slightly to $0.6055 in early Asian trading.
And he recovered Pound Sterling The $1.30 level overnight, but it is also heading for a weekly loss after a larger-than-expected decline in British inflation, which reinforced bets that the Bank of England may cut interest rates twice before the end of the year.
And he arrived Dollar index To the highest level in two and a half months yesterday, Thursday, at 103.76, it rose 0.8 percent for this week.
And hover Yuan The Chinese exchange rate is at 7.1370 in foreign trading, before the opening of the local market, according to Reuters data.
