Euro Slips Further on Gloomy Data, China’s Yuan Surges

Euro Slips Further on Gloomy Data, China’s Yuan Surges
Euro banknotes are seen in this illustration taken on July 17, 2022. Dado Ruvic/Illustration/Reuters
|Updated:
0:00

SINGAPORE/LONDON—The euro fell for a fifth successive session on Tuesday as evidence of a slowdown in Europe builds, the pound steadied, and China’s yuan strengthened after the country’s leaders pledged to step up policy support for the flailing economy.

Markets have plenty more to watch this week as the Federal Reserve concludes a rate-setting meeting on Wednesday followed by the European Central Bank (ECB) a day later and the Bank of Japan on Friday, as well as earnings from heavyweight companies. Both Google-owner Alphabet and Microsoft are due Tuesday.