The US dollar strengthened to start the European session on Wednesday after weak Chinese activity data weighed on risk sentiment, while the US debt ceiling preference cleared a barrier. main barrier. important.
At 03:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback's trajectory against other currencies, was up 0.2% to 104.300, right at a two-month high. was 104,420 at the beginning of the week.
Data released earlier on Wednesday showed China's manufacturing activity fell for a second straight month in May and at a faster rate than the previous month.
This weakness in the main manufacturing sector, which has been a key driver of growth, means that overall growth in business activity in the world's second-largest economy has also taken a toll on sentiment. risk, ending an investment for the municipality as a safe haven.
The $31.4 trillion debt ceiling suspension bill was introduced late Tuesday as the Republican-controlled House Rules Committee voted 7-6 to submit it to the House of Representatives. to vote on Wednesday.
This makes a catastrophic U.S. default less likely, but could also encourage the Federal Reserve to continue raising interest rates as inflation remains elevated, continuing to support the dollar.
GBPUSD SELL LIMIT 1.2440 - 1.2430💯💯
✅𝖳𝖯 1.2390
🛑𝖲𝖫 1.2490
At 03:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback's trajectory against other currencies, was up 0.2% to 104.300, right at a two-month high. was 104,420 at the beginning of the week.
Data released earlier on Wednesday showed China's manufacturing activity fell for a second straight month in May and at a faster rate than the previous month.
This weakness in the main manufacturing sector, which has been a key driver of growth, means that overall growth in business activity in the world's second-largest economy has also taken a toll on sentiment. risk, ending an investment for the municipality as a safe haven.
The $31.4 trillion debt ceiling suspension bill was introduced late Tuesday as the Republican-controlled House Rules Committee voted 7-6 to submit it to the House of Representatives. to vote on Wednesday.
This makes a catastrophic U.S. default less likely, but could also encourage the Federal Reserve to continue raising interest rates as inflation remains elevated, continuing to support the dollar.
GBPUSD SELL LIMIT 1.2440 - 1.2430💯💯
✅𝖳𝖯 1.2390
🛑𝖲𝖫 1.2490
