The euro rose to $1.0418, its highest since early July, with traders saying the main data in the euro zone was the ZEW index of German investor confidence, which rose in November.
The data also showed that employment in the single currency area increased in the third quarter.
The European Central Bank (ECB) will likely continue to raise interest rates above 2%, But big rate hikes will not become a new habit, French central bank chief Francois Villeroy de Galhau said.
The Swedish krona rose 1% to 10.3900 per dollarafter data showed that inflation in Sweden rose less than expected in October.
The dollar index which measures the currency’s performance against six currencies, including the pound sterling and the euro, it fell 0.7% to 106.18, briefly touching its lowest in three months.
The index fell 3.9% last week, its worst result since March 2020, after US consumer prices rose less than expected, fueling speculation that a rate spike was near. .
The Chinese yuan in mainland markets rose 0.4% to 7.0450 per dollar, largely because of the surprising contraction in retail sales.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
