News Börse Express - Foreign Exchange: Euro exchange rate continues...

Börse Express – Foreign Exchange: Euro exchange rate continues to rise somewhat in US trading


The euro rate is on Thursday
in US trade continued to rise. Around an hour before
Closing on Wall Street cost the common currency
$ 1.1036. The European Central Bank (ECB) set the
Reference rate fixed at $ 1.0981 (Wednesday: 1.0827). The dollar
thus cost 0.9107 (0.9236) euros.

On the one hand, market participants justified the profits of the euro
News from the European currency area. It became positive
added that the ECB’s gigantic on Thursday
Securities buying program has started. This year around 750
Billion euros invested in government bonds and other securities
become. That should help the economic consequences of
To dampen the corona crisis.

In addition, the US dollar stood because of the rapid spread of the
Corona virus under considerable pressure in the USA. Moreover
figures from the American labor market made the dimension clear
the current crisis: more requested in the past week
than three million Americans unemployment benefits. That is the one with
By far the highest value in the over 50 year history of
Data series was recorded./ck/he

 ISIN  EU0009652759

AXC0525 2020-03-26 / 19: 59

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