Euro Dollar rate: why the euro gave way a bit

After slipping below $1.08 in early trading in Frankfurt due to renewed uncertainty, the euro was last seen at $1.0757. That was about as much as in the afternoon. The European Central Bank set the reference rate at 1.0745 (Thursday: 1.0879) dollars. The dollar thus cost 0.9306 (0.9192) euros.


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Currencies that are considered safe were generally in greater demand again, which is why the Japanese yen also appreciated in addition to the dollar.

Looking at the latest data, business sentiment rose in the euro zone to its highest level in ten months. However, growth is unevenly distributed as it was mainly driven by the service sector. US economic data was also mixed. Durable goods orders fell unexpectedly, while S&P Global sentiment data for manufacturing and services came in better than expected.


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