Current dollar rate as of today: The dollar is moderately strengthening against the euro and pound sterling. but slightly declining against the Japanese yen after the publication of macroeconomic data from China.

As it became known on Monday, growth in retail sales and industrial production in China in July was weaker than analysts’ forecasts. Retail sales rose 2.7% year-on-year instead of the expected 5% growth, and industrial production growth in China slowed down to 3.8% last month from 3.9% in June, although the analysts’ consensus forecast for the indicator was a 4.6% rise.

U.S. current dollar rate – What’s happening in the market? 

Worse-than-expected, statistical data has increased the demand for protective assets, including the yen (to a larger extent) and the dollar.

The People’s Bank of China injected 400 billion yuan (almost $60 billion) into the financial system as part of its medium-term lending program (MLF) to support the Chinese economy, and cut the rate on one-year MLF loans by 10 basis points to 2.75% per year.

The so-called offshore yuan (traded outside mainland China) fell 0.5% to 6.7738 yuan/$1 in Hong Kong amid the easing of monetary policy.

Other important events for world markets this week will be the publication of the minutes of the Federal Reserve’s meeting in July on Wednesday and the report on U.S. retail sales on Friday, says Trading Economics.

The euro fell 0.2% to $1.0238 against the dollar, down from $1.0259 at market close last Friday. The pound fell by 0.38% to $1.2092 from $1.2138 at the close of the previous session.

In pair with the yen, the rate of the American currency is 133.38 yen against 133.42 yen on Friday, dropping by 0.2%.

The ICE index showing the dollar’s movement against six currencies (euro, Swiss franc, yen, Canadian dollar, British pound and Swedish krona) was up 0.18% in trading. The broader WSJ Dollar Index adds 0.15%.

We previously reported that markets get restless ahead of the weekend.