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Börse Express – Forex: Euro holds its own

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The euro rate is on Monday in
US trade remained well above $ 1.11. Last cost
the European common currency is $ 1.1140. It lay with it
slightly above the level from early European business. The
European Central Bank set the reference rate to 1.1126 (Friday:
1.1091) dollar. The dollar thus cost 0.8988 (0.9016) euros.

Market observers spoke of a rather quiet start to the week. in the
No major economic data from the euro area emerged during the day
or released from the United States.

In addition, the Iran crisis on the foreign exchange market is somewhat in the background
resigned. The focus of investors is once again on the
US-China trade conflict. Even before
There was a change of year between the two largest economies
the world a partial agreement to defuse the conflict. So far
but hardly any details of the agreement have become known. The
Investors are therefore eagerly awaiting the official signing of the
Agreement on Wednesday and to announce further details.

The pound sterling has fallen. The British
The economy shrank surprisingly and noticeably in November.
This should be the most recent debate on monetary easing
Feed. It got out on the financial markets
Futures derived probability of a rate cut
clear at the upcoming central bank meeting at the end of January. The pound
fell to the lowest since the end of the day against the euro and the dollar
Dezember./la/he

 ISIN  EU0009652759

AXC0273 2020-01-13 / 21: 11

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