NEW YORK (dpa-AFX) – The euro continued to be stable in US trading on Monday. The common currency last cost 1.0815 US dollars. This roughly corresponded to the level on Friday evening. The European Central Bank (ECB) set the reference rate at 1.0822 (Friday: 1.0808) dollars. The dollar thus cost 0.9240 (0.9252) euros.
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The debt dispute in the USA continues to be the focus of attention on the financial markets. The dispute over raising the statutory debt limit has still not been resolved. Time is of the essence, because at the beginning of June there is a threat of a default by the US government with potentially catastrophic consequences.
The Republican chairman of the US House of Representatives, Kevin McCarthy, is currently pushing for an agreement this week. “I think we can reach an agreement tonight. We can reach an agreement tomorrow, but you still have to get something done this week to get it passed (in the House) and taken to the Senate,” the Republican negotiator said a meeting with US President Joe Biden./ck/men