Euro and the pound rose after the release of a series of economic data

The euro, sterling and Swedish krona all rose against the US dollar on Tuesday, as traders focused on evaluating a slew of economic data including jobs data in the UK and the eurozone as well as confidence in the German economy.

The pound rose 0.6 percent to $ 1.1830, near its highest level in two and a half months, which was recorded on Friday and reached $ 1.1855, before the expected announcement this week of a government plan on the budget, and after data that showed an unexpected rise in the unemployment rate and a decrease in vacancies for the fifth report. Straight.

The focus is on the statement that UK Chancellor of the Exchequer Jeremy Hunt is due to deliver on Thursday.

Hunt has previously said that reducing government debt is the only option to curb inflation.

The euro rose to $1.0418, its highest level since early July. Traders pointed out that the most important data in the euro zone is the ZE index. WW’s confidence in the German economy, which rose in November.

The data also showed an increase in employment in the single currency area in the third quarter.

The Swedish crown rose strongly against the US dollar after data showed that inflation in Sweden rose less than expected in October. The currency rose one percent to 10.3900 crowns per dollar.

The dollar index, which measures the performance of the US currency against six currencies, including the pound and the euro, fell 0.7 percent to 106.18, briefly touching its lowest level in three months.

The yuan received support from the easing of tension between China and the United States after the summit that brought together US Presidents Joe Biden and Chinese Xi Jinping.

On the mainland, the Chinese yuan traded at 7.0450, up 0.4 percent, largely ignoring a sudden contraction in retail sales.