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Dollar stable after good US economic data

Dollar stable after good US economic data

Erik Holm - Head of media

The dollar stabilized on Monday after the release of economic data, while optimism about the prospects for the Chinese economy supported the Asian currency. By 7:30 London time, the dollar remained at the minimum-maximum amount in euros, at $1.1099 and just below the eight-month peak in the Japanese yen, at 110.19 yen per dollar. Dollar index to the basket without distinct dynamics.

Chinese yuan rose 0.2%, updating the six-month peak. The Australian and New Zealand dollars rose slightly. The Australian dollar added 0.19%, the New Zealand dollar – 0.08%.

The Reserve Bank of Australia will spend more and more weak consumer sentiment next year, adding arguments in favor of further stimulating the economy after three shortened periods last year.

Trading operations at a minimum low of $1.2994, which in this case is dangerous because the Bank of England may lower rates at the end of the month – especially if data on business activity this week is pessimistic.