The euro exchange rate fell slightly on Friday.
However, part of the previous day’s significant increase to the highest level since the end of October was defended with the common currency last trading at 1.1618 US dollars in New York trading. The European Central Bank has now set the reference rate at 1.1648 (Thursday: 1.1619) dollars. The dollar therefore cost 0.8585 (0.8606) euros.
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.
After the end of the partial closure of US authorities, important US economic data and stronger impulses on the foreign exchange market can be expected again in the coming days. The data should be published starting next week. Until then, investors in the foreign exchange market are likely to hold back, according to market observers. The US data is important because of the US Federal Reserve’s next interest rate decisions. Stock market investors have recently increasingly expressed their doubts as to whether they will lower interest rates again this year.
“The government shutdown has ended, but it will still take some time until everything returns to normal,” said ING expert James Knightley, also with a view to the US economic data calendar. However, there is a good chance that the long-awaited labor market report for September will be published next week. Surveys by private service providers have shown signs that this could be weak.
FRANKFURT (dpa-AFX)