Thursday, November 30, 2023

The euro falls to US$1.0650, its lowest for two months

He euro depreciated this Wednesday to the level of the $1.0650minimum for two months, because some data from the US economy boosted the greenback.

The euro was changing around 15:00 GMT at US$1.0680, compared to US$1.0737 in the last hours of the negotiation European currency market of the previous day.

He European Central Bank (ECB) set the reference exchange rate for the euro at US$1.0683.

JOLTS job vacancies rose by USA in April, so they interrupted a decline for three consecutive months and show that the level of demand for labor is moderating.

Headline and core inflation fell in May by Spain, Italy, France and Germany more than expected in all countries except Italy, but the ECB will raise its interest rates a little more because it considers that the battle is not yet won.

Markets also pay attention to news about the US debt ceiling

The pact between the republicans and democrats it overcame its first legislative obstacle the day before after a committee of the Lower House allowed its debate in the chamber.

Expectations have also increased that the Federal Reserve (Fed) It will raise its interest rates again in the coming months because inflation subsides very slowly and therefore the dollar rises.

The single currency traded in a trading band between $1.0659 and $1.0735.


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