The course of the euro was on Monday.
The joint currency euro was traded in the afternoon at $ 1.1607. In the morning she had noted around half a cent higher. The European Central Bank set the reference course to 1.1622 (Friday: 1.1648). The dollar cost 0.8604 (0.8585).
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The trade lacked impulses, since neither in the USA nor in the Euro zone important economic data were published. According to market observers, investors are reluctant to publish inflation data from the United States on Tuesday. Due to higher US tariffs, an increase in inflation is expected. “In addition to tomorrow’s US inflation figures, the Fed Symposium in Jackson Hole, which starts on the 21st August, should shape interest expectations for the Fed for the coming months,” says a decabank market comment.
Most recently, the director of the US Federal Reserve, Michelle Bowman, had spoken out on weekends against the background of weak labor market data for three interest rate cuts this year. In the recent interest rate decision at the end of July, the Fed had not changed interest rates. Bowman had, however, for one Interest rate tuned.
In addition to other important currencies, the ECB determined the reference courses for one euro to 0.86560 (0.86710) British pounds, 171.86 (172.18) Japanese yen and 0.9430 (0.9410) Swiss franc. In the afternoon, the Gense Gold cost $ 3,358 in London. That was $ 39 less than on Friday.
/JSL/He
Frankfurt (dpa-Afx)