Euro, pound stable against dollar after release of macro statistics

Euro, pound stable against dollar after release of macro statistics The cost of the euro and the pound sterling against the US dollar as a whole changed slightly on August 17 afternoon
Finance
August 17, 2022 15:49
Euro, pound stable against dollar after release of macro statistics

The cost of the euro and the pound sterling against the US dollar as a whole changed slightly on August 17 afternoon, as investors evaluate the macro statistics, waiting for the publication of the US Federal Reserve's protocol later, Report informs referring to the auction data.

The euro exchange rate against the US dollar rose to $1.0171 from the last closing level of $1.017, the pound sterling rose to $1.2099 from the last closing level of $1.2093. The dollar against the yen increased to 134.97 yen from 134.21 yen. The dollar index (the exchange rate against a basket of currencies of six countries - US trading partners) grew by 0.12%, to 106.62 points.

Traders pay attention to macro statistics for Europe and the UK. Thus, the annual inflation in the UK in July rose above 10% for the first time since 1982 and amounted to 10.1%. The forecast assumed inflation at 9.8%.

At the same time, the GDP of the eurozone, according to the second estimate, in the second quarter of 2022 grew by 3.9% in annual terms, with a growth forecast of 4% and by 0.6% in quarterly terms (forecast of growth by 0.7%).

Later on August 17, the publication of the minutes of the July meeting of the US Federal Reserve System (FRS) is expected. The document may contain clues about the future policy of the Fed and changes in the key rate, which has already been raised four times in a row. Traditionally, the rate increase supports the dollar.

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