The euro is about to achieve its fourth consecutive weekly gain

The euro rose in the European market on Friday against a basket of global currencies, maintaining its gains for the third day in a row against the US dollar, approaching touching its highest levels in three months. It is about to achieve its fourth consecutive weekly gain, thanks to the US Treasury Department’s intervention in the US bond market to rein in long-term bond yields.

Weekly transactions over the course of this week's transactions, which end

Officially, when prices were settled today, the single European currency “Euro” is up until now by about 1.2% against the American currency “Dollar” and is about to achieve its fourth weekly gain in a row.

The US Dollar The dollar index fell on Friday by more than 0.1%, resuming its losses that were temporarily halted yesterday, approaching its lowest levels in three months again, reflecting the decline in the levels of the US currency against a basket of major currencies.

And high school.

• In order to re-price these possibilities, investors are awaiting, at successive times today, the release of data on the main sectors that make up the European economy during the month of August, which will provide strong evidence about the pace of economic growth during the third quarter of this year.

Expectations about the performance of the Euro We expect here on the “FX News Today” website: If the data of the main sectors in Europe are more aggressive than expected in the markets, it will rise.

Possibility of raising European interest rates in September, which will enhance the euro’s gains against a basket of global currencies.

The three major US stock indices closed sharply lower on Thursday, with investors' appetite for risk dampened by rising Treasury yields, while disappointing results for Walmart, one of the most prominent retailers in the retail sector, raised investors' concerns about the consumer sector, and rising oil prices exacerbated...

Inflation concerns.