The euro fell slightly on Monday.
The common currency euro fell to 1.0409 US dollars. In early European trading, the euro was quoted almost half a cent higher. The European Central Bank set the reference rate at 1.0393 (Friday: 1.0390) US dollars. The dollar therefore cost 0.9621 (0.9624) euros.
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US economic data that was weaker than expected did not weigh on the dollar. New orders for durable goods fell more than expected in November. In addition, consumer confidence deteriorated unexpectedly and significantly in December.
Overall, the foreign exchange market continues to be influenced by the interest rate outlook given by the US Federal Reserve last Wednesday. It promised fewer reductions for 2025 than most financial market players had expected. The dollar then rose significantly and the euro fell.
NEW YORK (dpa-AFX)