Foreign exchange: Euro rate slightly down
Banknotes of different currencies (icon image). pexels.com
NEW YORK (dpa-AFX) – The euro
The euro was somewhat burdened by rather weak European economic data. The industrial sentiment in the euro zone continued to deteriorate in October. The purchasing managers’ index compiled by IHS Markit fell again. The market researchers justified the development with persistent delivery problems and personnel bottlenecks. The purchase and sales prices have risen sharply again. There are currently numerous bottlenecks in world trade, most of which can be attributed to the corona pandemic.
Overall, the price swings were limited. The financial markets took a wait-and-see stance ahead of the Fed’s monetary policy decisions this Wednesday. Experts anticipate that the Fed will usher in the gradual exit from its multi-billion dollar asset purchases. Above all, the question of whether it is already giving signals for the time of an initial rate hike after the corona pandemic is eagerly awaited. The central bank had justified the recent high inflation in the USA mainly with temporary factors. / Jsl / bek / tih / he
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