The Euro is in the New on Wednesday
York trade stalled. The course previously fell to
$ 1.0782, its lowest since spring
2017. In the further course he could catch up his minus,
most recently, $ 1.0798 was paid at the previous day’s level. The
European Central Bank (ECB) had the reference rate
temporarily set at $ 1.0800 (Tuesday: 1.0816).
The dollar thus cost 0.9259 (0.9246) euros.
Since the beginning of the month, the euro has had about three against the dollar
Cent lost in value. The reason for this are the
Coronavirus crisis and the one that triggered it, at least temporarily
Noticeable flight of investors into the US dollar as a safe haven.
The weak state of the economy in the eurozone also applies
as a burden on the common currency. There have been many recently
Economic data from the currency area disappointing.
Market observers also referred to the interest rate differential between
the US and the Eurozone to support the dollar. During the
Interest rates in the US range between 1.50 percent and 1.75
Percent, it remains at zero in the euro zone. The
US Federal Reserve announced Wednesday in its recent meeting minutes
adherence to their monetary policy signals.
“In a world of ultra-low interest rates, the US dollar benefits from
its interest rate advantage, “commented currency expert Antje Praefcke from
Commerzbank’s latest share price development. She assumes
that in the short term the euro weakness “not so much
will change “. In the afternoon, robust data from the
US construction industry on the Euro./tih/he
ISIN EU0009652759
AXC0365 2020-02-19 / 21:12
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