Sunday, December 10, 2023

The euro moves around US$1.1050 dollars after the Sentix index

He euro moved today around $1,1050 after the release of disappointing data from the euro area, such as the Sentix confidence index and German industrial production.

The euro was exchanged around 03:00 GMT at $1,1024compared to US $ 1,1002 in the last hours of the European negotiation of the foreign exchange market of the previous day.

He European Central Bank (ECB) set the reference exchange rate for the euro at US$1.1037.

Confidence in the euro area got worse in May 4.4 points, up -13.1 points, according to Sentix.

The real production of the German manufacturing industry fell in March a 3.4% compared to the previous month, adjusted for seasonal and calendar effects, and rose 1.8% year-on-year.

ECB Chief Economist Philip Lanetold an event organized by the New Economy Forum in Berlin that future decisions on interest rates will be based on his “assessment of the prospects for inflation in light of the new data economic and financial, the dynamics of subjacent inflation and the intensity of the transmission of monetary policy”.

The currency The single currency was exchanged in a fluctuation band between US$1.1018 and US$1.1053.


Please enter your comment!
Please enter your name here

Latest article