Negative stability of the single currency, the euro, against the US...

Thank you for reading the news about the negative stability of the euro against the US dollar during the Asian session and now with details

– Bassam Rashid – Forex News Today – The single currency, the euro, fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement to the third session in six sessions from its highest since September 21 against the US dollar on the cusp of developments and economic data expected today, Friday before. The economies of the Eurozone and the US economy are the largest in the world.

At exactly 07:04 GMT, the euro pair fell against the US dollar by 0.01% to 1.1707 levels, compared to opening levels at 1.1708, after the pair achieved its lowest level during the session’s trading at 1.1716, while it achieved its highest at 1.1701.

The markets are looking for Italy, the third largest economy in the euro area, for the release of the trade balance index reading, which may reflect a contraction of the surplus to a value of 7.23 billion euros compared to 9.69 billion euros last July, before unveiling the reading of the same index for the economies of the euro area as a whole, which It may also show that the surplus narrowed to 18.1 billion euros, compared to 20.3 billion euros in July.

This also comes in conjunction with the disclosure of inflation data for the economies of the euro area as a whole with the release of the final annual reading of the consumer price index, which may confirm a contraction of 0.3% without little change from what it was in the preliminary reading for the past month and compared to a contraction of 0.2% in the previous annual reading for a month Last August, the core annual reading of the same index may confirm 0.2% growth versus 0.2% growth.

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Other than that, we have followed the intensification of European Union leaders’ efforts to curb the spread of the coronavirus throughout the old continent, with France announcing more stringent measures, and Germany warning of economic risks in conjunction with London’s readiness to tighten restrictions, and according to the latest figures issued by the World Health Organization, it has increased The number of cases infected with the virus exceeds 38.39 million and 1,089,047 people have died in 235 countries.

On the other hand, investors are currently awaiting the US economy, the largest economy in the world, revealing a reading of retail sales, which represents about half of consumer spending, which represents more than two-thirds of the United States’ GDP, and which may reflect an acceleration of growth to 0.7% compared to 0.6% in August. / August, while the core retail sales index may show growth slowing to 0.4% from 0.7% in August.

This comes before we witness the disclosure of industrial sector data by the largest industrial country in the world with the release of the Industrial Production Index, which may reflect an acceleration of growth to 0.6% compared to 0.4% in August, in conjunction with the reading of the energy utilization rate showed an increase to 72.1% Against 71.4%, and before the final reading of the wholesale inventories index was released, which may indicate an acceleration of growth to 0.3%, compared to 0.1% in July.

Up to revealing the preliminary reading of the University of Michigan Consumer Confidence Index, which may show a contraction of the breadth to a value of 80.2 compared to 80.4 last September. About the approval of a second stimulus package to support the US economy in facing the repercussions of the Corona pandemic.

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These were the details of the news Negative stability of the single currency, the euro, against the US... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

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