Monday, December 11, 2023

The euro maintains its bullish tone and climbs towards US$1.0770

He euro this Thursday maintained the bullish tone of the previous day and stood above the $1.0770, despite being a day without major stimuli because it is a holiday in part of Germany and other European countries.

The european currency it was changing around 15:00 GMT to US$1.0771, compared to US$1.0710 in the last hours of European currency market trading the previous day.

He European Central Bank (ECB) set the reference exchange rate for the euro at US$1.0737.

The line upward it occurred mainly after noon, when the European currency climbed above US$1.0770 to remain above that level thereafter and even seemed to aim for US$1.08, although it did not finally achieve that objective.

Some analysts attributed the recovery of the euro to the weakness of the US labor market.

The single currency was exchanged this Thursday in a fluctuation band between the US$1.0669 and the US$1.0776after having moved in the previous day in the narrower range of US$1.0669 and US$1.0739.


Please enter your comment!
Please enter your name here

Latest article