The price of the euro rose a little on Friday.
In the morning, the European Community currency cost EUR $ 1.1773. The euro had cost a little less in early trade.
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The US labor market report had only temporarily charged the euro on Thursday. The employment structure and the unemployment rate developed noticeably better than expected. However, experts see weaknesses because a large part of the job structure in the state sector took place. Most economists continue to expect a key interest rates from the US Federal Reserve Fed at the next few session in September.
Weak economic data from Germany did not burden the euro in the morning. The order inputs fell more than expected in May. However, the increase in April was significantly revised. Expert Jens-Oliver Niklasch from Landesbank Baden-Württemberg spoke of a slight disappointment with a view to the May data in a first reaction, which should not be overrated. “In the end, the numbers from industry were quite appealing, so that one or the other reset can also be cope with.”
No impulses can be expected from the USA. No economic data is published because of a holiday.
/JSL/STK
Frankfurt (dpa-Afx)