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More recently, the common currency has traded at 1.1296 USD. Earlier this week, the euro was still under pressure on Monday night, the price had temporarily fallen to $ 1.1216, the lowest level since June 2017.
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In addition to macroeconomic data, the euro is currently dominated by two major political problems: the budget dispute with Italy and Brexit. The dispute between the European Commission and the Government of Rome is about to intensify. According to British reports, however, in the Brexit negotiations this should have been a breakthrough. However, there is still no confirmation from the European Union. This afternoon, the British Cabinet meets to decide on the draft exit agreement.
First, the dates of Germany and eurozone focus on gross domestic product in the third quarter. In the early afternoon, consumer price data in the United States could also help move the currency market.
FRANKFORT (dpa-AFX)
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Image sources: RTimages / Shutterstock.com, Sergey Nivens / Shutterstock.com, Maryna Pleshkun / Shutterstock.com, Nagy-Bagoly Arpad / Shutterstock.com
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