Wednesday, December 6, 2023

The euro falls 0.59% against the strength of the dollar

He euro gave up today a 0.59% against the dollar and during the day it fell to its lowest levels since mid-April due to the strength of the greenback.

The euro was exchanged around 03:00 GMT at $1.0917compared to US$1.0974 in the last hours of the European currency market trading of the previous day.

He central bank European Union (ECB) for its part set the reference exchange rate for the euro at US$1.0930.

After the data inflation in the Eurozone and the United States showed a slight decrease yesterday for the month of April, the prospect of further increases in interest rates by the Federal Reserve today stimulated the course of the dollar.

The president of the Richmond regional Federal Reserve, Thomas Barkindeclared that inflation remains “stubbornly high” and does not come down fast enough, suggesting that the institution could maintain its policy for the moment restrictive monetary.

The single currency moved in a fluctuation band between US$1.0901 and US$1.0996.


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