The euro maintained its daily gains in US trading at the beginning of the week.
The European common currency, the euro, last cost 1.1752 US dollars on Monday. In early European trading it was only slightly above $1.17. The European Central Bank set the reference rate at 1.1745 (Friday: 1.1712) dollars.
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With the gains at the beginning of the week, the euro made up for the slight losses of the last four trading days. Observers pointed to a significant drop in trading volume before the holidays. Trade lacked momentum at the start of Christmas week. Neither in the Eurozone Important economic data was still published in the USA.
In the USA, however, there are still some figures due on Tuesday that could provide information about the development of the economy. Among other things, figures on industrial production are published.
/la/he
NEW YORK (dpa-AFX)