The US economy released by 12:30 GMT, its reading for the producer price index (PPI) for June, which rose by 0.1%, in line with forecasts and the previous reading of 0.1%.
The core producer price index (excluding food and fuel) for the same month, rose by 0.3%, better than the expected 0.2%, and better than the previous 0.2%.
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US dollar fell on the European market on Friday against a basket of global currencies, continuing losses for the third day in a row, the first weekly loss in the past three weeks, under pressure from Federal Reserve Chairman Jerome Powell testimony before the US Congress, in which he hinted a near US interest rate cut at the end of this month, which also opens the way for another cut before the end of this year.
MoreSilver prices rose in Europe on Friday, resuming gains, which were temporarily halted yesterday, to head for the first weekly gain in three weeks, based on a weak US dollar performance against a basket of currencies following Federal Reserve Chairman Jerome Powell's recent comments before the US Congress.
MoreEuropean shares rose on Friday in the last session of the week, on the verge of achieving the first gain in the last six sessions, supported by the rise of mining and core resources companies, after the release Chinese data that showed the exports of China fell less than expected.
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