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Currency: The euro stable against the dollar

18/01/2022
Categories: Economy/Forex

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In a peaceful foreign exchange market, the euro-dollar parity barely moved on Monday while the Chinese yuan barely reacted to a slight easing of monetary policy in China.

Around 4:50 p.m. GMT (5:50 p.m. CET), the euro lost 0.06% to 1.1405 dollars for one euro. Trading volumes were reduced by the absence of US traders due to a public holiday (Martin Luther King Day). Chinese growth reached an annual rate of 8.1% in 2021, the highest in a decade, but with a slowdown in the fourth quarter (+4.9%), the National Bureau of Statistics (BNS) said on Monday. But, for the time being, the yuan on the contrary ended the session (at 3:30 p.m. GMT for the end of official exchanges of the Chinese currency) up very slightly by 0.07% to 6.3484 yuan for one dollar. Another safe haven, the Japanese currency thus lost 0.27% against the euro, at 130.66 yen for one euro.

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