FRANKFURT (dpa-AFX) – The price of the euro rose slightly on Tuesday. In the morning, the common currency was trading at 1.1734 US dollars, slightly higher than the previous evening. The euro was thus able to build on the price gains that had already started on Monday afternoon.
Advertising
Trade EUR/USD and other currencies with leverage via CFD (long and short)
Trade currency pairs like EUR/USD with leverage at Plus500 and participate in rising and falling prices.
Plus500: Please note the instructions5 about this advertisement.
Among other things, disappointing US economic data has recently weighed on the dollar and in turn given the euro a boost. In December, the mood of purchasing managers in US industrial companies surprisingly deteriorated further.
As trading continues, price data from the Eurozone become more of a focus for investors. The program includes inflation data from Germany and France, the two largest economies in the currency area.
In general, inflation is expected to fall in December. “With regard to the interest rate cut expectations in the euro zone, the numbers are likely to be supportive, but we do not expect a change in the key interest rate level in the foreseeable future,” says an assessment by the Landesbank Hessen-Thüringen (Helaba)./jkr/mis