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Foreign exchange: Euro rate slightly down

Tuesday, 11/02/2021 8:12 PM from

dpa-AFX

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Banknotes of different currencies (icon image). pexels.com

NEW YORK (dpa-AFX) – The euro gave in a little on Tuesday. The common currency continued its recent swings around the $ 1.16 mark, costing less again with the last $ 1.1582 paid. The European Central Bank (ECB) had meanwhile set the reference rate at 1.1603 (Monday: 1.1578) dollars (dollar rate). The dollar cost 0.8619 (0.8637) euros.


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.

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