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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe weakest currency on Tuesday is undoubtedly the Yen which drops 0.5% against the Dollar and -0.8% against the Euro.
It should also be noted that the Chinese Yuan is at a low against the Euro this year.
The Dollar crumbled by -0.25% against the Euro although the yield of the $ rose 2 times faster (+7.5Pts base towards 0.648%) than the average of sovereign debt 'core' (such as Bunds or OAT with +3.1 to +4.5Pts).
The Dollar also lost 0.5% against the Canadian Dollar at 1.328 while unilateral taxes on Canadian aluminum have poisoned trade relations between the 2 countries.
Still the Trump method? A stroke of pressure, then a retreat?
The dollar could be weakened by a statement by Steven Mnuchin that promises that a lot of money is ready to pour out very soon ('as much as necessary').
On the figures side, industrial producer prices in the United States for the month of July are well above expectations: the 'PPI' posted +0.6% instead of +0.3% expected, in 'Core' data (excluding energy), the increase was +0.5% (+0.1% anticipated).
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