On Friday, the euro rose to its highest level in more than eight months against the dollar on Thursday, while the yen reached its highest level in seven months.

On Thursday, January 12, 2023, the euro rose to its highest level in more than eight months against the dollar. He thus took advantage of an American inflation indicator that undermined the greenback, as well as from the unexpected strength of the European economy. The single currency gave 0.80% against the “greenback”, at 1.0844 dollars for one euro around 20:15 GMT. It had reached $1.0867, a peak since the end of April 2022.

Indeed, the dollar took on a new burst with the publication of the CPI price index, which fell by 0.1% over one month in December, in line with economists' forecasts. Inflation fell to 6.5% over a year, compared with 7.1% in the previous month. After peaking at 9.1% in June, this inflation, the sixth consecutive month of inflation slowing in the United States

En ce qui concerne le yen, while it reached its highest level in seven months and Japanese bond yields exceeded the central bank's target, the Asian stocks rose on Friday. Investors welcome a slowdown in inflation in the United States. Markets are questioning Tokyo's commitment to a loose monetary policy. In Asia, Asian stocks rose on Friday as investors welcomed a slowdown in inflation in the United States. For its part, the dollar slipped generally, US Treasury bonds recovered, and assets considered risky, such as stocks and cryptocurrencies, rose.