The dollar looks for direction, while the euro hits lows in a month and a half

The dollar looks for direction, while the euro hits lows in a month and a half
The dollar looks for direction, while the euro hits lows in a month and a half

By Stefano Rebaudo

June 19 (Reuters) – The dollar struggled to find direction on Wednesday, while the euro traded near recent lows on concerns that a new government in France could weaken fiscal discipline, increasing the debt risk premium in France. the entire euro zone.

* For its part, the pound sterling rose after learning that inflation in British services was higher than expected.

* The US markets will remain closed during the day, so it is likely to be a session marked by weak quotes.

* The greenback fell after a US retail sales report suggested that economic activity remains lackluster and that the Federal Reserve will cut interest rates sooner than expected.

* The euro gained 0.1% to $1.0753, after hitting a one-and-a-half-month low of $1.07 on Friday.

* The dollar index, which compares the greenback with a basket of six major currencies, was stable at 105.27 units.

* The pound improved 0.1% against the euro to 84.41 pence and 0.2% against the US pair at $1.2732, after British data showed underlying price pressures remained powerful.

* The yen was trading flat at 157.93 units per dollar, while it remains pressured by the marked differences in rates between Japan and the United States, in particular. Analysts say monetary tightening by the Bank of Japan is on the horizon, although it will take a slow approach.

(Edited in Spanish by Carlos Serrano)

 
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