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NEW YORK (AWP International) – The euro surpassed the $ 1.17 mark Thursday after strong data from the German industry. In New York's trade, however, the common currency then lost momentum and was traded for the last time at US $ 1.1681. The European Central Bank (ECB) had previously set the reference price at 1.1770 (Wednesday: 1.1642) dollars. The dollar thus costs 0.8540 (0.8590) euros
For the franc, the euro is relatively stable at night. The euro is currently trading at 1.1614 Swiss francs, after 1.1610 in the late afternoon. In contrast, the US dollar rose significantly to 0.9938, from 0.9923 francs
. In the beginning, German economic data stimulated the euro. For the first time this year, industrial companies in May received more orders in the largest economy in the euro area than the previous month. The chief economist of ING Diba Bank, Carsten Brzeski, spoke of a sign of life for the German recovery. Thomas Gitzel, chief economist of VP Bank, commented in the same way: "Provided the dispute does not worsen, German growth will pick up steam again in the second half of the year."
At first glance, disappointing signs of the US labor market the euro hit its highest of $ 1,1720 a day. But then the market has prevailed that the specifications of the official labor market report expected for Friday are nevertheless good. Even a surprisingly enlightened mood among US service providers in June helped the dollar move in the opposite direction.
Subsequent events, such as the minutes issued by the Fed at the recent meeting of central bank notes and circular message stating that Grand Coalition leaders are in Germany agreed on the latest disputed asylum package , moved the euro and the dollar recently little. The conclusion of the Fed's publication was that US central bankers wanted to stick to the policy of slow rate hikes
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