Frankfurt (dpa -AfX) – The price of the euro continued to give in on Thursday. In the morning, the joint currency was noted at $ 1.0851 and thus around half a cent lower than the evening before. In the meantime, the euro course had been sagged for almost a week. The European Central Bank had set the reference course on Wednesday to $ 1.0897 (Tuesday: 1.0918).
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The euro had already come under pressure on Wednesday shortly before the key interest rates of the US Federal Reserve Fed. The Fed’s monetary policy decisions themselves hardly made any movement. As expected, the central bank has again not changed its interest.
The new forecast of the US Federal Reserve continues to indicate two small interest reductions this year. For the time being, however, the FED will remain in view of the inflation rates emitted by the US import tariffs, wrote Thomas Gitzel, chief economist of VP Bank. In this respect, the US dollar increased to almost all other important currencies.
The Swiss franc also came under pressure for the US dollar. Statements from the country of the country were added here as a burden. As expected, this had taken the next interest step down and reduced the key interest rate by a further 0.25 percentage points. It is now 0.25 percent. However, the Swiss National Bank emphasized the increased downward risks for inflation. According to observers, this indicates a possible further loosening of the Monetary policy what weakened the franc./La/JSL/Men