FRANKFURT (dpa-AFX) – The euro fell slightly in early trading on Friday. In the morning, the common currency cost $ 0.9985, slightly less than the previous evening. The European Central Bank (ECB) set the reference rate at a similar level on Thursday afternoon at $0.9992.
At the end of the week, investors should keep an eye on inflation figures from the euro area. Although this is only detailed data, inflation is at a record level of 9.1 percent.
The development is putting considerable pressure on the ECB to quickly continue the interest rate hike it has begun. It reacted to the escalating inflation later than other major central banks such as the US Federal Reserve or the Bank of England./bgf/mis
