Economic data supports the euro and the Australian near its lowest level in four years

Many of the economic data in various global markets have impacted heavily in the direction of currencies against the US dollar at the close of trading this week.



Euro

The European currency has expanded from its rise against the US dollar at the end of this week's sessions after the release of many of the positive economic data from the euro zone.



Industrial production rate in the euro area and EU countries rose by 0.1% on a monthly basis in October, while increased on an annual basis in the euro zone by 0.7% and in the EU countries increased by 0.8%, according to data released by the European Statistics Office.



The reason for the high rate of industrial production to rise in the production of consumer non-durable goods rose 1.3%, followed by a rise in production of consumer durable goods rose 0.9% in addition to a rise in medium-term goods by 0.3%, while goods head finance fell by 0.2% and energy prices increased by 1.9 %, and record the change in the index of employment rate in the euro zone of 0.2% during the third quarter of the year, which was revised to record 0.3%. .



And trading the euro against the US dollar by 18:00 GMT on the level of 1.2460 from an opening price of 1.2390 after recording the highest price and the lowest price 1.2475 1.2383.



The Australian dollar

The Australian dollar continued its wavelength bearish trading near its lowest level since July 2010 at the end of the week's sessions after the release of many of the Chinese economic data.



Australia's currency fell for a second day in a row after the Chinese data reported lower GDP, where industrial production growth slowed in China more than expected in November, while retail sales rose more than expected, according to data released today.



Industrial production growth record rate of 7.2% during the month of November, according to data released by China's National Bureau of Statistics, while settled expectations that the record of 7.6% compared with the previous recorded a growth rate of 7.7% during the month of October, while the annual growth of retail sales rose by 11.5% in October to 11.7% and was expected to stabilize the rate of growth at 11.5%. And the fixed assets investment index rose at a rate of 15.8% during the period from January to November



The Aussie is trading against the US dollar by 18:00 GMT on the level of 0.8260 from an opening price of 0.8245 after recording the highest price and the lowest price 0.8298 0.8225.



US dollar

The US currency extended its losses at the end of sessions this week to trade near its lowest level since the beginning of December, due to falling prices in the stock market, prompting investors to buy most of the alternative assets such as gold and reluctance to buy the US dollar.



Economic data released by the University of Michigan showed high initial reading of consumer confidence to 93.8 versus expectations referred to 89.6 was a review of the previous reading of 89.4 to 88.8, while the preliminary reading of the inflation expectations of the University of Michigan also recorded an increase of 2.9% while the previous reading review 2.6% to 2.8%.



US dollar index fell 0.4% against most major currencies during Friday's trading in sync with the drop in US and European stocks continued to fall with the price of oil, which hurt shares of energy companies and weak risk appetite.



On the other hand, the data showed a decline in the producer price index, which measures the change in goods and services in its final form provided by the producers to 0.2 against expectations that referred to minus 0.1, which was the previous reading at 0.2%.

 

Pound

English currency fell against the US dollar at the close of hearings this week to continue to decline for the second day in a row after the release of many of the negative economic data.



Decline in sterling against the US dollar, having made four days of ups and came back down after the British construction output data, which came in below expectations as the British construction output index decreased by 2.2% during the month of October, according to data released by the British Office for National Statistics, while stabilized expectations on that score 0.8% compared with the previous estimate of 1.8%, which was revised to score 2.2%, and settled flagship of the British conference Board of minus 0.3% in October compared with the previous estimate of minus 0.4% index.



And trading sterling against the US dollar by 18:00 GMT on the level of 1.5715 from an opening price of 1.5710 after recording the highest price and the lowest price 1.5745 1.5693.