The euro is just below the $ 1.23 mark

Euro and dollar bills

The majority of global transactions are processed in these two currencies.


(Photo: Reuters)

Frankfurt The euro rose on Tuesday. In the morning, the common currency was trading at $ 1.2270, a little higher than the previous evening. The European Central Bank (ECB) last set the reference rate on Monday afternoon at $ 1.2296.

As in previous trading days, events were mainly determined by a broad-based dollar weakness, which in return gave the euro a little boost in the morning. In the foreign exchange market, the focus was increasingly on further political developments in the USA.

The voters in the southern US state of Georgia decide on the future balance of power in the influential US Senate in two runoff elections during the day. The outcome of the votes will determine whether the Republicans can defend their majority in the Senate or whether the Democrats will dominate the other House of Representatives in Washington in the future.

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