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Börse Express – Forex: Euro exchange rate gives way somewhat

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The exchange rate of the euro has on Monday
somewhat yielded. In the afternoon, the European
Common currency was trading at $ 1.1083 after trading on
It was trading at $ 1.11 tomorrow. It fell to $ 1.1079
Euro temporarily to its lowest level since the end of December. The
European Central Bank (ECB) set the reference rate to 1.1085
(Friday: 1.1108) dollars fixed. The dollar cost with it
0.9021 (0.9003) euros.

There was talk of a low-impulse start of the week on the market. Data on
Price developments in Germany could not stimulate trade
to lend. In December, producer prices were year-on-year
fell by 0.2 percent and was therefore somewhat weaker than expected. Out
no impetus came from the USA. The financial markets stayed because of one
Closed on public holidays.

According to the foreign exchange expert Ulrich Leuchtmann von der
Commerzbank currently also fall as the leading central banks
Pulse generator off. “The big central banks are likely to foreseeable
Little time to be active, “said Leuchtmann. The central banks are
with loose monetary policy close to the end of it
Action. At the upcoming this Thursday
Interest rate decision by the ECB will not change the
Monetary policy.

The ECB set the reference rates for other major currencies
one euro to 0.85275 (0.85105) British pound, 122.14 (122.31)
Japanese yen and 1.0737 (1.0736) Swiss francs. The
Troy ounce gold (31.1 grams) was in London in the afternoon at 1560
Dollars traded. That was three dollars more than the previous day / jsl / he

 ISIN  EU0009652759

AXC0204 2020-01-20 / 16:42

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