Forex, the dollar rises amid US data, and the Chinese yuan is at its lowest levels in 16 years, from Reuters

Forex, the dollar rises amid US data, and the Chinese yuan is at its lowest levels in 16 years, from Reuters
© Reuters. 100 dollar banknote plus 50 and 20 euro banknotes. March 9, 2015. Reuters/Dado Rovik (Bosnia and Herzegovina – Tags: Business)

LONDON/NEW YORK (Reuters) – The dollar rose, the yen fell to its lowest levels in ten months, and the euro and pound held firm at their lowest levels in about three months, thanks to investors’ bets on the strength of the US economy, which was also confirmed by US economic data. latest data.

In internal trading, the yuan reached its lowest levels in 16 years against the dollar, affected by difficulties in the real estate sector, consumer spending, and slow credit growth.

At around 17.45, the dollar index rose 0.15% to 105.016, having reached a six-month high following yesterday’s data that highlighted an unexpected acceleration in the US services sector in August.

Weekly unemployment claims in the US unexpectedly fell to 216,000, the lowest level since February, from 229,000 the previous week, in data released today.

The euro, which is sensitive to the direction of the Chinese market, lost 0.2% to $1.0709, after falling yesterday to its lowest levels since June.

The dollar recorded a new high of 147.875 yen, its highest level since last November.

The British pound fell 0.15 percent to $1.2486.

(Translated by Camilla Burri, Edited by Sarah Rossi)

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