The course of the euro rose slightly on Friday after the publication of current economic data from the USA.
Most recently, the joint currency in New York trade was $ 1.1698 after the daily low had previously been near the $ 1.1650 mark.
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The European Central Bank (ECB) had set the reference course to $ 1.1658 (Thursday: 1.1676). The dollar cost 0.8578 (0.8565).
In the morning, the attention had initially been paid to price data from the Euro zone directed. In France and Spain, the inflation rates for August were less than expected. In Germany, on the other hand, life was more expensive again in August. Consumer prices were 2.2 percent above the level of the previous year.
“The details published so far show that for the time being there is no further noticeable decline in the inflation rate,” said Thomas Gitzel, chief economist of VP Bank. The core inflation rate, in which the strongly fluctuating prices for food and energy are excluded, seem to make no institutions further. At the same time, the price -damping effect of the energy prices does the fold and the food prices could tend to increase a little more again.
Later, current price data became known from the USA. The core rate of the PCE deflator, which is a preferred price measure of the US Federal Reserve Fed, more or less fulfilled expectations. The core rate, in which prices for energy and food are calculated, slightly increased to 2.9 percent. As it was said, it does not make it easy for currency huts with possible interest reductions. The price pressure remains larger than desired.
Furthermore, it became known that the consumption expenditure of private households had increased somewhat more in July than in June. As the consumer climate raised by the University of Michigan showed, the mood of the US consumers in August has clouded a little more than expected.
Frankfurt (dpa-Afx)