Foreign exchange: euro loses – mark of 1.13 US dollar holds barely
Different currencies. © alfexe / iStock / Getty Images Plus / Getty Images
NEW YORK (dpa-AFX) – The euro rate
The euro has lost quite a bit of ground since its interim high of $ 1.2266 in May. The background to this is the emerging drifting apart of monetary policy in the euro zone and in the USA. While the US Federal Reserve is accelerating the exit from its loose monetary policy and, according to current forecasts, expects a total of three interest rate hikes in 2022, no rate hike is expected in the euro zone yet./jsl/edh/he
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