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The dollar is marginally growing against the euro and the Japanese yen. There was a slight rise in Wednesday's trade on the foreign exchange market for the US dollar.
The price of the euro was able to reach $ 1.1897 on Wednesday morning, earlier its rate was at around $ 1.1912. But it should be noted that Tuesday's trading marked a significant movement for the euro after finally stepping at the $ 1.2 mark several times during the trading day. However, a rollback then took place. The euro is striving to take a better position, and it has every chance for that, but weak statistics on economic growth in the European region so far prevents it from doing so.
The consumer prices in the European Union declined in the last month of summer by 0.2% on a yearly basis. The data came as a surprise to experts, who argued that there should be an increase of 0.2% on average.
In addition, the unemployment rate in nineteen countries in Europe significantly increased in the second month of the summer by 7.9%. This is the highest dynamics recorded over the past two years.
The euro also slowed down its growth rates against the Japanese yen on Wednesday, which moved at £126.18 per euro. Note that it closed Tuesday's trading at £126.21 per euro.
The Japanese yen, on the other hand, slightly weakened against the US dollar. On Wednesday, the price of the greenback moved to the level of £106.06 per dollar, although earlier it was at £105.96 per dollar.
Earlier the same day, the price of the pound sterling went to the area of $1.3362 per pound. As a result of yesterday's trading, the level of $1.3384 per pound was fixed. Meanwhile, it slightly decreased against the euro moving from 1.1235 to 1.1231 euros per sterling.
The Aussie was the only one that showed a significant decline against the US dollar which moved down by 0.22%. That is from 0.7372 to 0.7356 dollars per Aussie.
The USD index managed to rise 0.4% on Wednesday in relation to a basket of six major world currencies, which includes the yen, franc, euro, Canadian dollar, krone, and pound sterling.
The dollar index against a basket of sixteen major world currencies rose similarly by 0.4%.
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