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Börse Express – Foreign Exchange: Euro exchange rate rises significantly above $ 1.11

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The exchange rate of the euro has on
Boosted Friday and is well over $ 1.11
gone up. The European common currency was the afternoon
traded at a daily high of $ 1.1170. Had in the night
the euro is still trading at $ 1.11. The European central bank
(ECB) set the reference price at $ 1.1153 (Tuesday: 1.1080)
firmly. The dollar thus cost 0.8966 (0.9025) euros.

Market observers spoke of a general weakness in the dollar
in return gave the euro a boost. The US currency had to
Trade losses in all major currencies. At the end
The Christmas week showed a general in the financial markets
friendly mood, being again on the New York Stock Exchange
Record levels were reached. This was the dollar that as
Generally safe investment applies, charged, it said.

In general, however, the foreign exchange market lacked momentum. So stand on
Friday no important economic data on the calendar. The
Trading volume should remain low throughout the day,
since numerous traders and investors are on vacation and their books for
Have already closed in 2019.

The ECB set the reference rates for other major currencies
one euro to 0.85130 (0.85533) British pound, 122.23 (121.19)
Japanese yen and 1.0890 (1.0878) Swiss franc. The
Troy ounce of gold (31.1 grams) was hardly in the afternoon in London
traded traded at $ 1512./jkr/he

 ISIN  EU0009652759

AXC0128 2019-12-27 / 16: 27

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