News
gla_wpadmin  

Forex: Euro stable ahead of US inflation data

Wednesday, 01/12/2022 7:39 AM from

dpa-AFX

| Views: 101

Different currencies. © alfexe / iStock / Getty Images Plus / Getty Images

http://www.gettyimages.de

FRANKFURT (dpa-AFX) – The euro Moved little on Wednesday ahead of important US economic data. In the morning, the common currency was trading at 1.1374 US dollars, around the same level as the previous evening. The European Central Bank set the reference rate on Tuesday at 1.1336 (Monday: 1.1318) dollars (dollar rate).

The euro had already benefited from the renewed confidence in the financial markets on Tuesday. Investors interpreted the latest statements by Federal Reserve Chairman Jerome Powell on monetary policy as a sign of economic strength. In view of the good economic development and the high inflation rate, the latter had signaled an increase in the key interest rate for the period from March onwards.

New inflation data from the US will be released in the afternoon. Experts expect consumer prices to have risen sharply again in December. This could increase the pressure on the US Federal Reserve to tighten its monetary policy further./la/stk

advertising

Subscribe to more news about CureVac shares free of charge

Notice:
ARIVA.DE publishes analyzes, columns and news from various sources in this section. ARIVA.DE AG is not responsible for content that has been recognized by third parties in the “News” area of ​​this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” mark below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.

Other users were also interested in this article:

Reference-www.ariva.de

Leave A Comment