Nothing seems to manage to make the Dollar rebound, which is still dropping -0.35% against the Euro towards 1.1635 (i.e. +1.75% weekly): it does not benefit from the Sino-American tensions after the Beijing decision to close the American consulate in Chengdu in retaliation after the closure of the consulate in Houston at the beginning of the week... but also in reaction to the very anti-Chinese speech by Mike Pompeo on Thursday evening which calls the communist regime an odious dictatorship.

As for the statistics of the day, the activity of the American private sector stabilized in July, in view of the composite PMI index of IHS Markit which comes out in flash estimate at 50.0 - i.e. the threshold which marks the limit between expansion and decline in activity - after 47.9 for June.

The Dollar could have benefited from the sharp rise in sales of new homes, at an annualized rate of 776,000 in the United States for the month of June, or +13.8% compared to the previous month, according to the Commerce Department.

The consensus was anticipating a rise of around +4% towards 700,000.

A lot of figures also on the old continent: in France, the overall activity of the private sector shows its strongest expansion for two and a half years in July, according to the composite flash index which recovers to 57.6 against 51.7 the previous month.

IHS Markit, which publishes this survey, points out in particular that new orders are increasing for the first time in five months, testifying to the reopening of businesses after deconfinement.

The rebound in the IHS Markit composite flash PMI for 'services' explains this upturn with an increase from 50.7 to 57.8, while the manufacturing PMI stagnated at around 52.6 (compared to 52.3 in June).

These good figures do not harm the Euro but are probably insufficient to justify on their own the rise of the Euro.

UK composite PMI rises from 47.7 in June to 57.1 flash estimate for July according to CIPS and IHS Markit, hitting a 61-month high and thus reflecting a strong resumption of sector expansion British private.

The Pound Sterling gained 0.4% against the Dollar at 1.2785 and stagnated against the Euro at 1.09.

The real star currency of the day was the Yen - a real safe haven currency in the face of rising Sino-American tensions - with a surge of almost +1% against the Dollar at 105.8 and +0.6% against the US. euro, at 123.1.