Foreign exchange: Euro stays above 1.10 US dollars

NEW YORK (dpa-AFX) – The euro traded above $1.10 on Tuesday. The common currency was last quoted at $1.1032. The European Central Bank set the reference rate on Friday at 1.0983 (Thursday: 1.0983) US dollars. The dollar therefore cost 0.9104 (0.9104) euros.

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Some stock exchanges in Asia and across Europe will not resume trading until Wednesday. Against this background, the volume on the foreign exchange market is likely to be rather weak, which is why the significance of price movements is limited

The published data on the US real estate market showed a further price increase. However, some of the experts’ expectations were not met.

Due to the public holiday, the ECB did not set a reference rate for one euro. For the same reason there was no gold trading in London./he

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