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The euro down against the dollar, penalized by the us-china tensions

The euro continued its decline on Friday against the dollar, in a market worried about the escalation of tensions between china and the us. Around 19: 00 GMT (21: 00 in Paris), the euro was losing 0.42 per cent against the greenback, to 1,0904 dollar.

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"The mood on the markets is to be passed to the degree of risk aversion and investors' attention has shifted from the reopening of the economies to the escalating tensions between the United States and China", explained Ricardo Evangelista, analyst for ActivTrades. A proposed law on the security, which aims to prohibit "treason, secession, sedition and subversion" in Hong Kong was filed Friday morning with the opening of the annual session of the national people's Assembly (ANP), the chinese Parliament. This text comes after the repeated warnings of the communist chinese against any dissent in the former british colony, rocked last year by seven months of demonstrations in favour of democracy. The United States has accused China of wanting to wear a "fatal blow" to the autonomy of the former british colony, threatening Beijing of trade retaliation.

The indicator on the morale of German entrepreneurs in the highly anticipated

geopolitical uncertainty tends to benefit the greenback, which enjoys safe haven status in the eyes of traders. On the side of the euro, market players were waiting for the broadcast on Monday of a measure on the morale of German entrepreneurs very followed. It had recorded the largest decline in its history during the last edition of the barometer of the Ifo institute, at the end of April. The specialists expect that the volume of trade is relatively low at the beginning of next week due to the holiday Monday in the United States (Memorial Day) and Uk (Spring Bank Holiday).

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