While the yuan continues to rise, the euro remains stable against the dollar. For the moment, analysts believe that it is difficult to predict how the dollar will react, between a negative effect linked to inflation, or a positive effect linked to the reaction of the Fed. Before the publication of the PCE price index in the United States, the European currency stabilized against the dollar on Friday while the Chinese yuan continued to appreciate against the greenback. Around 09:00 GMT (11:00 CET), the euro rose about 0.02% against the dollar, at 1.2197 dollars per euro.
The market was waiting for the US government to release the PCE price index, which the US Central Bank (Fed) uses to gauge inflation because it excludes energy and food prices, which are more volatile and less linked to monetary policy.
For its part, the yuan continued to rise against the dollar (+0.32% to 6.3630 yuan per dollar, a new three-year high). The Chinese currency is not fully convertible and the central bank sets a central rate every day.

In addition, the Japanese yen suffers from its status as a safe haven in a market that favors risky assets. It also stabilized against the euro (-0.06% at 133.98 yen) after reaching a low since February 2018 at 134.06 yen per euro the day before