Parities against the dollar were mixed on Tuesday: the greenback gained 0.15% against the euro (1.0892) and 0.1% against the Swiss franc… on the other hand, it fell 0.2% against the yen (to 149.45) and 0.1% against the pound (130.75).n the figures, manufacturing activity contracted sharply in New York State in October.
As a result, the ‘$-Index’ ended the day with no real trend (-0.05%), at 103.23 after fluctuating between 103.03 and 103.35 (its best mark since August 8).
The Dollar did not really suffer from the heavy downturn in the New York Fed’s ‘Empire State’ index (a traditionally volatile and unrepresentative figure): it fell by 23 points this month to -11.9.
This figure reinforces the easing of rates which began this morning:
In Europe, the macroeconomic agenda was also busy, with the ZEW index of German investor sentiment and industrial production figures for the euro zone published this morning.
German investor sentiment deteriorated further in October, according to the ZEW economic research institute, but their outlook is tending to improve, offering a small glimmer of hope for Europe’s ailing leading economy.
The ZEW index measuring the sentiment of analysts and market participants rose from 3.6 to 13.1, an improvement of 9.5 points month-on-month.
In August 2024, compared with the previous month, seasonally-adjusted industrial production rebounded by 1.8% in the Eurozone and by 1.3% in the EU, after declining by 0.5% and 0.3% respectively in July.
These 2 good figures had no detectable positive impact on the Euro.
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