[ad_1]
The euro closed at US $ 1.16 after Powell's confirmation of a solid US economic growth
Wednesday, July 18, 2018
Economic and Online Affairs
EFE [19659005] The euro fell The strength of the dollar after Federal Reserve Chairman (Fed) Jerome Powell confirmed that US economic growth is strong and that the low inflation figures of the euro zone are known.
It went from 16.20 GMT to 1.1654 US $, against 1.1683 US $ in the last trading hours of the European money market the day before
The European Central Bank (ECB) set today the reference exchange rate of the euro at US $ 1.1611
The inflation rate of the euro area increased by 0.1% monthly in June compared to May and 2, 0% year-over-year. [19659007] The euro has depreciated to its lowest level three weeks ago, after inflation data in the euro area was lower than the euro. According to Monex, "Although Japan and the European Union have signed a trade agreement that has been functioning since 2013, the dollar remains at the head of the yen and the euro because the fear of trade barriers confirms its status of safe haven ", consider Monex badysts
The agreement sends a strong message that the EU is determined to work for free trade and to avoid the protectionism that has emerged politically throughout the world. world.
Good economic data The United States could limit the possibilities of appreciation of the euro in the coming weeks, according to Monex.
Federal Reserve (Fed) Chairman Jerome Powell confirmed to Congress that the US economy's growth is solid and its disposition is gradually increasing interest rates and boosting the quote's rating green.
Some economic figures of the American real estate market have stopped the appreciation of the dollar today.
The fluctuation band n from the euro against the dollar today oscillate between 1 1602 and 1 166 $ US.
Source link
