Frankfurt (dpa -Afx) – The euro has stabilized after the clear losses of the past two days on Friday. In New York, the community currency recently cost $ 1.1704. The European Central Bank had set the reference course to 1.1672 (Thursday: $ 1.1739) and cost the dollar $ 0.8567 (0.8518).
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US data for consumption and income development in August fell slightly better than expected, but did not support the dollar. Consumer prices rose by 2.7 percent in terms of annual price index PCE, as from economists. The US Federal Reserve is aiming for an inflation rate of two percent. Even from the disappointing consumer climate of the University of Michigan, there was also no impulses for the foreign exchange market.
