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Increasing demand for the Euro and Yen on China worries
demand for the Euro and Yen on China worries
The Euro and
Yen recovered against the Dollar at the beginning of Tuesday trading session
supported by increased demand for safe-haven currencies. In fact, China
manufacturing and services disappointing data have reinforced the worries about
the economic slowdown and pushed the investors to turn away from investing in
riskier assets. As a result, all the trading of European markets opened on the
red. On the other hand, the uncertainties about whether the Fed will raise its
interest rates this month or not remain weighing on the markets. Therefore, the
Fed decision is dependent to the U.S jobs data releases. So market attention
will turn this week to the U.S Nonfarm Payrolls report due on Friday Sep 04th.
And concerning today, the investors will turn their focus to a survey of