Foreign exchange: Euro softens slightly

The euro eased slightly in somewhat directionless trading on Friday. In New York trading, the common currency cost $1.0541. The European Central Bank had set the reference rate at 1.0577 (Thursday: 1.0525) dollars, the dollar thus cost 0.9455 (0.9501) euros.

There was no decisive impetus for euro-dollar trading. Manufacturer price figures from Germany once again confirmed the very high level of inflation. According to figures from the EU Commission, consumer sentiment in the euro zone brightened somewhat, albeit from a very low level. The Ukraine war is hitting consumers hard.

NEW YORK (dpa-AFX)

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