HomeEconomyThe euro continues to...

The euro continues to rise after the ECB decision

Photo: Getty Images

Last week, the European Central Bank raised key rates, which strengthened the euro’s position against the dollar.

The euro continues to rise against the dollar after the European Central Bank’s decision and further plans to raise key rates, Reuters wrote on Monday, September 12.

function news4514688() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4514688&lang=2&IsAjax=true’, function (data) { $(‘#nk4514688’).html(data); });
}

news4514688();

It noted that the dollar “slowed” against a basket of six global currencies near a two-week low ahead of key US inflation data this week, which could give the Fed an opportunity to slow the pace of interest rate hikes in meeting on September 21.

Thus, the euro rose by 0.32% to 1.0130 dollars, and the pound sterling rose to 1.1681 dollars.

“ECB officials see a growing risk that they will need to raise the key interest rate to 2% or more to stem record inflation in the eurozone,” Reuters wrote.

A week ago, the euro exchange rate against the dollar fell to a 20-year low and reached $0.99 (-0.5%) amid the shutdown of Nord Stream 1.

News from Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The President signed the Law on 50% of the Motagrass for Veterans

The President of Ukraine signed a law that reduces the cost of a motorcycle by 50% for veterans and persons with disabilities as a result of the war (No. 4369-IX). .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px;...

GBI was struck by anger, the requirement of short -term reconciliations of SOC without Boytsov’s order

Employees of the State Bureau of Investigations exposed military personnel in the Nikolaev area, who demanded that the military left some of the military in exchange for returning to the service. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height:...

In Priluki, the Cisland arrived at the post of drone in his house, where he was killed

The rescuer arrived in Pryluky to eliminate the effects of a drone that fell into his house, where his family was killed. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...