While the yuan continues to rise, the euro remains stable against the dollar. For the moment, analysts believe that it is difficult to predict how the dollar will react, between a negative effect related to inflation, or positive related to the reaction of the Fed.Before the publication of the PCE price index in the United States, the European currency stabilized on Friday against the dollar while the Chinese yuan continued to appreciate against the greenback. Around 09:00 GMT (11:00 CET), the euro was up some 0.02% against the dollar, to 1.2197 dollars for one euro.
The market was waiting for the U.S. government to release the PCE price index, which the U.S. Central Bank (Fed) uses to gauge inflation because it excludes energy and food prices, which are more volatile and less related to monetary policy.
For its part, the yuan continued its rise against the dollar (+0.32% to 6.3630 yuan to the dollar, a new high in three years). China's currency is not fully convertible and the central bank sets a central rate every day.

In addition, the Japanese yen suffers from its status as a safe haven in a market that favors risk assets. It also stabilized against the euro (-0.06% to 133.98 yen) after reaching the previous day's lowest since February 2018 at 134.06 yen to the euro.