The parity with euro It advances 0.1% and reaches the level of 0.9911, close to the minimum in two decades reached last Tuesday. The good performance of German industrial production, which contracted less than expected, improved expectations and contained an even larger drop.
The expectation is that the European Central Bank raises the interest rates on Thursday as economic zone inflation nears double digits. To this is added the energy shortage that may be aggravated after Russia’s threats to suspend the supply of gas and oil if it insists on setting price caps on Russian supply.
parity with the pound sterling It is down 0.2% to 1.1490, just above the 2-1/2-year low hit on Monday. The Bank of England has forecast that the UK will enter a prolonged recession by the end of the year. It is added that the increase in the cost of living is sustained, which is why the new prime minister, Liz Truss, promised aid packages to lessen the impact of electricity bills on consumers.
Compared to the Australian dollar settles at a level of 0.6721 after retreating 0.2%. Compared to the yuan it stands at a two-year low and settles just below 7.0, after learning that China’s trade surplus was lower than expected.
Source: Ambito
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