NEW YORK (dpa-AFX) – The euro fell below 1.18 US dollars on Wednesday. The most recent exchange rate for the common currency was 1.1770 US dollars. In Asian trading it was still trading at times above $1.18. The European Central Bank set the reference rate at 1.1787 (Tuesday: 1.1786).
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There was hardly any market-moving economic data. In the USA, initial applications for unemployment benefits surprisingly fell last week. While trading on the stock exchanges in the United States was reduced, many European trading venues remained closed.
For other important currencies, the ECB set the reference rates for one euro at 0.87290 (0.87290) British pounds, 183.83 (183.89) Japanese yen and 0.9284 (0.9287) Swiss francs. A troy ounce of gold (around 31.1 grams) last cost $4,466. That was $20 less than the day before. Previously, against the backdrop of tensions between Venezuela and the USA, the price had jumped above $4,500 for the first time and reached a record high of just under $4,526./he