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The euro fell below 1.13 dollar on Tuesday.
At the end of the afternoon, the common currency was 1.2295 USD. It cost half a cent less than the maximum of the day.
Compared to the Swiss franc, the euro fell below the limit of 1.13 francs. At 1.1280 francs, the single currency has cost less than since the end of September. The dollar, however, remained unchanged at 0.9994 francs.
A "Wirtschaftswoche" report, citing European circles, said US President Donald Trump could impose tariffs on imported cars as early as next week. These rights would particularly affect Germany with its large automotive sector. Auto stocks were among the biggest losses on the German stock market on Tuesday. Trump has also threatened China to raise punitive tariffs in the Wall Street Journal.
In addition, the British pound is under pressure for the British Parliament to vote on December 11 in favor of the exit of the EU. If the British Prime Minister Theresa May does not pass the deputies, there could be a Brexit without agreements, with consequences unimaginable for the economy and other areas of life. Tomorrow, the Fed will announce not only the results of stress tests for banks, but will also comment on the potential consequences of Brexit.
Among the other major currencies, the ECB set the benchmark exchange rates for one euro at 0.88748 (0.88440) pound sterling and 128.66 (128.70) Japanese yen.
The price of one troy ounce of gold was set at $ 1,221.20 ($ 1,223.40) in the afternoon in London.
elm / BGF / she / jb
FRANKFORT (awp international)
Source: Yu Lan / Shutterstock.com, iStock, Vladimir Wrangel / Shutterstock.com, Marekusz / Shutterstock.com
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