Dollar strong due to euro concerns, yuan unaffected by China data.

From Investing.com: 2024-06-16 22:45:39

The dollar remains strong as the euro lingers near a one-month low due to European political concerns. The yuan stays near a multi-month low following China’s release of economic data indicating an uneven recovery. Despite challenges, the euro slightly increased to $1.0701 from a low of $1.06678 on Friday. French parliamentary election worries are leading to euro weakening, indirectly benefiting the dollar. Minneapolis Fed President predicts a single interest rate cut in December. Sterling holds steady, while China’s economic picture remains mixed. The yen hovers near a 34-year low as Japan considers bond buying cuts. Bitcoin rises to $66,794.00.



Read more at Investing.com: Dollar firm as euro wallows; yuan brushes aside China data By Reuters