Friday, September 22, 2023

The euro falls below US$1.0950 due to risk aversion

He euro it depreciated today below US$1.0950 due to investor risk aversion, which benefits the greenback, after the publication of data from China.

The euro was exchanged around 15:00 GMT at $1.0950compared to US$1.10 in the last hours of the European negotiation of the forex market from the previous day.

He European Central Bank (ECB) set the reference exchange rate for the euro at US$1.0944.

The mood has worsened in the markets after the strong drop in exports (-14.5%) and imports (-12.4%) from China in July.

The approval in Italy of a 40% tax on the extraordinary profits of banks.

The debt yield The ten-year US Treasury price stands at 4%.

Some members of the Federal Reserve (Fed) they consider that more interest rate hikes will probably be necessary this year to subdue inflation and this boosts the price of the dollar.

Inflation fell by Germany in July up to 6.5% year-on-year.

The single currency was exchanged in a band of fluctuation between US$1.0931 and US$1.1009.


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