The euro exchange rate changes little

Euros and dollars

Much of the world’s transactions are processed in the two currencies.


(Photo: dpa)

Frankfurt The euro exchange rate moved little on Tuesday. The common currency was trading at $ 1.1771 in the morning, slightly higher than the previous day. The price losses from the start of the week have thus been stopped for the time being. The European Central Bank (ECB) had last set the reference rate on Monday afternoon at $ 1.1726 (Friday: 1.1848).

The euro was under pressure until Monday afternoon. The price had temporarily dropped below the $ 1.17 mark as the dollar recovered from recent losses. Among other things, better than expected economic data from the US had given the US currency a boost. In July, the mood in the US industry had surprisingly brightened despite the recent high number of new infections in the corona crisis.

In the further course of trading, market observers expect trading to be rather impulsive. There are hardly any important economic data on the program that investors could use as a guide. It is only in the afternoon that further economic data from the USA should cause the currency market to move. The program includes key figures for incoming orders in industry.

More: All events and news about Covid-19 can be read here in the Corona News Blog

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