The euro ultimately hardly moved after its little reset to the middle of the week.
The joint currency noted on Thursday afternoon at $ 1.1185 and thus at the level from the previous evening. The European Central Bank (ECB) set the reference course to $ 1.1185 (Wednesday: 1.1214). The dollar cost 0.8941 (0.8917).
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The bottom line was that economic data from the United States and from Europe were hardly affected by the foreign exchange market. Industrial production in the euro area had risen unexpectedly in March. However, at the beginning of the year, the economy in the common currency area did not gain as much driving as expected.
In April, retail sales in the United States surprisingly easily rose in April instead of stagnating. The US Federal Reserve Fed should be in the waiting attitude towards further loosening of the Monetary policy confirmed, wrote analyst Ralf Umlauf from Landesbank Hessen-Thuringia. However, the weak producer prices, which are also published, are likely to keep the interest reduction expectations of the market alive.
On Monday, the agreement in the customs dispute between the USA and China had caused an impetus in the US currency, while the community currency was under pressure in return. Since then, the euro has already recovered a lot.
For other important currencies, the ECB set the reference courses for one euro to 0.84240 (0.84150) British pounds, 163.30 (164.01) Japanese yen and 0.9377 (0.9390) Swiss franc. In the afternoon, the Gense Gold cost $ 3,202 in London. That was about $ 25 more than on Wednesday.
/la/he
New York (dpa-Afx)
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