That is why the euro increases again to the US dollar

Around an hour before the IPO on Wall Street, the community currency was traded with $ 1.0826. The European Central Bank (ECB) set the reference course to $ 1.0797 (Thursday: 1.0785). The dollar cost 0.9262 (0.9272).

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The mood of the US consumers in March, in the face of growing inflation concerns, complained more than initially determined. According to a second estimate, the indicator has fallen to the lowest level since November 2022. The expectations of consumers dropped particularly strongly. Here the decline was even stronger than in the first estimate. But the assessment of the current situation also deteriorated.

“Followers of all political parties and independent expressed poorer expectations in relation to their personal finances, the business situation, unemployment and inflation,” said Joanne HSU, head of the survey of the consumer climate determined by the University of Michigan.

In addition, consumers’ inflation expectations also increased more than initially found. The core rate of personal consumption spending from the US Federal Reserve Fed increased from 2.7 percent in January to 2.8 percent in February. Experts had expected a value of 2.7 percent for the past month. The so-called PCE kerder flator is an important key figure for price development, in which the prices for energy and food that are prone to fluctuations are deducted. The Fed strives for a rate of 2.0 percent.

The euro was only temporarily burdened by inflation data from the Euro zone. In France and Spain, the inflation rate in March failed lower than expected. In France, she stagnated at 0.9 percent. In Spain, the inflation weakened significantly. The inflation rate calculated for European comparison purposes fell from 2.9 to 2.2 percent.

The ECB strives for the entire euro zone a value of 2.0 percent in the medium term. Data for the entire euro area will be published on Tuesday. A weaker inflation would give the ECB more scope for further key interest rates.

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New York (dpa-Afx)