FRANKFURT (dpa-AFX) – The euro initially barely moved on Friday morning. In early trading, the common currency cost 1.0810 US dollars, about the same as the previous evening. The European Central Bank (ECB) set the reference rate at $1.0826 on Thursday afternoon.
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This morning, the Swiss central bank SNB announced a surprising change in personnel: Long-time central bank chief Thomas Jordan is stepping down at the end of September. “After overcoming the various challenges of the last few years, now is the right time to step down from my position,” said Jordan. The Swiss franc initially barely reacted to the news.
A number of important economic data are scheduled for the course of the day. In the Eurozone On the one hand, new inflation data is expected. S&P Global also announces its industry sentiment indicators. In the USA, the important ISM index for industry is published, which experts value because of its high economic significance./bgf/ngu