EURUSD decreased then increased again

١٣ أكتوبر ٢٠٢٣

The euro EURUSD ticked up nearly 0.2% to $1.0549 after taking a tumble overnight against the dollar, while sterling GBPUSD was last trading over 0.2% higher at $1.2202.
Investors also digested producer and consumer prices data out of China on Friday that showed deflationary pressures were slightly stronger than expected.
"What we've got is a fairly weak growth story (from China), and that's weighing on the price numbers," said Rob Carnell, regional head of research in the Asia-Pacific region at ING.
He added that the government could feel pressure to offer further support to the economy, albeit limited.