warehouse movements
Increased GBP by 0.6% to 1.1830 U.S. dollarsapproaching a two-and-a-half-month high it recorded Friday, $1.1855, ahead of this week’s upcoming announcement of a government budget plan, and after data showed rising unexpected increase in the unemployment rate and a decline in job vacancies for the fifth consecutive report.
climb EUR at $1.0418, its highest level since early July.
Traders pointed out that the most important data in Eurozone are those for reading a pointer "ZE w" Confidence in the German economy, up in November.
The data also showed an increase in employment in the single currency area in the third quarter.
The Swedish krona rallied sharply against the US dollar after data showed inflation was on the rise Sweden It increased less than expected in October.
The currency rose 1% to 10.3900 kroner to the dollar.
The dollar index, which measures the performance of the US currency against 6 currencies including the pound sterling and the euro, fell 0.7% to 106.18, briefly hitting a three-month low.
The yuan received support as tensions eased between China Andunited state After the summit that brought together US presidents Joe Biden and Chinese president Xi Jinping.
The mainland Chinese yuan was trading at 7.0450, up 0.4%, largely ignoring a surprising contraction in retail sales.
“>
Attention is focused on the statement that UK Finance Minister Jeremy Hunt is expected to make on Thursday.
Hunt has previously said that cutting public debt is the only option to curb inflation.
warehouse movements
Increased GBP by 0.6% to 1.1830 U.S. dollarsapproaching a two-and-a-half-month high it recorded Friday, $1.1855, ahead of this week’s upcoming announcement of a government budget plan, and after data showed rising unexpected increase in the unemployment rate and a decline in job vacancies for the fifth consecutive report.
climb EUR at $1.0418, its highest level since early July.
Traders pointed out that the most important data in Eurozone This is the reading of the ZEW German Economic Sentiment, which rose in November.
The data also showed an increase in employment in the single currency area in the third quarter.
The Swedish krona rallied sharply against the US dollar after data showed inflation was on the rise Sweden It increased less than expected in October.
The currency rose 1% to 10.3900 kroner to the dollar.
The dollar index, which measures the performance of the US currency against 6 currencies including the pound sterling and the euro, fell 0.7% to 106.18, briefly hitting a three-month low.
The yuan received support as tensions eased between China Andunited state After the summit that brought together US presidents Joe Biden and Chinese president Xi Jinping.
The mainland Chinese yuan was trading at 7.0450, up 0.4%, largely ignoring a surprising contraction in retail sales.
