Around 11:10 am, the euro lost 0.19% against the greenback, at 1.1034 dollars, a few minutes after falling to 1.1032 dollars, a level seen more since early December.
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The euro continued to fall against the dollar on Friday, as the slightly more optimistic tone adopted the previous day by the European Central Bank (ECB) was not enough to reassure the market about future prospects.
Around 10:10 GMT (11:10 CET), the euro lost 0.19% against the greenback, at 1.1034 dollars, a few minutes after falling to 1.1032 dollars, a level seen more since early December.
If the euro has increased slightly after this note of optimism distilled by the president of the institution, Christine Lagarde, “the euphoria did not last given the persistent risks with which the economy of the euro zone is still facing “Said Thu Lan Nguyen, analyst at Commerzbank.
For Neil Wilson of Markets.com, “it is not that the ECB appeared particularly cautious, but rather that it gave the impression of having no idea on what it will do, a decline rates and a strengthening of the asset buy-back program remaining the default solution ”.
Across the Channel, contrary to analysts’ expectations, the British pound reacted little on Friday to the PMI indices, which were nevertheless highly anticipated.
These turned out to be better than expected, less than a week from a decision by the Bank of England on its key interest rate. Several officials had recently signaled their desire to lower it, but the economic data could be a game-changer.
A drop in interest rates makes the currency concerned less profitable and therefore less attractive to forex traders.
At around 10:10 GMT, the pound fell against the dollar and rose very slightly against the euro, after having reached a high in one month against the euro, at 83.89 pence per euro.
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