This Friday, the euro stings after a disappointing PMI. For its part, the dollar is appreciating while the faulty central banks are casting a shadow on growth prospects

The euro fell sharply against the dollar on Friday, destabilized by the sharp slowdown in growth in June, according to the Flash Index published by S&P Global. Around 09:40 GMT (11:40 CET), the euro lost 0.93% at 1.0854 dollars and 0.92% at 155.35 yen. At 50.3 in June, the Flash PMI Index calculated on the basis of business surveys was at its lowest in five months

The dollar appreciates as faulty central banks cast a shadow over growth prospects. The dollar benefited from renewed risk aversion on Friday, with optimistic comments from global central banks, including the Federal Reserve, fuelling fears that their aggressive monetary tightening could push economies into a

Australian and New Zealand dollars also suffered in trade with Asia, as risk appetite declined. The Australian dollar fell 0.9% to $0.6696 and was heading for a weekly loss of more than 2.5%, its worst week since March. The kiwi slid 0.59% to $0.61405, down

Facing the dollar, the yen fell slightly to 143.19, approaching an over seven-month low of 143.23 per dollar reached in the previous session. China's offshore yuan fell to its lowest level in seven months, at 7,2285 per dollar, reflecting concerns about the country's faltering economic recovery

The Turkish lira fell to a record high of 25.59 against the US dollar. The Turkish central bank raised its key rate by 650 basis points to 15% on Thursday, but the post-election tightening did not meet expectations. The British currency fell by 0.33% to 1.2706 dollars, although it gained 0.61% to 85.42 pence

The pound collapses as sharply rising interest rates increase the risk of recession. The pound fell 0.5% against the dollar, reaching its lowest level at $1.2685. It then recovered to trade down 0.4% to $1.2702, but was about to suffer a weekly loss of nearly 1%, the largest

The Russian ruble strengthened on Friday, despite the sharp drop in oil prices, thanks to the year-end fiscal period, which tends to increase the supply of foreign currencies. At 0811 GMT, the ruble was 0.3% stronger against the dollar at 83.78 and had gained 1.2% to trade at 91.11 against the euro. It strengthened by 0.4% against the yuan