The euro it depreciated to the value of 1.0150 dollars, after the publication of the US inflation data, although previously it had been stable above 1.02 dollars.
The euro It was trading around 3pm GMT at $1.0170, down from $1.0160 in late European forex trading the previous day.
The European Central Bank (ECB) fixed the exchange rate of the euro at $1.0198.
Inflation rose in the US to 6.8% year-on-year in June (6.3% in May), according to the price index for personal consumption expenditures, which is the one used by the Federal Reserve (Fed) as a reference for its monetary policy.
US household spending grew faster in June than in previous months and puts inflation at a 40-year high.
The year-on-year rate of inflation in the eurozone reached a new record in July, standing at 8.9%, while the gross domestic product during the second quarter of the year grew by 0.7%, with Spain at the head among the countries that share the currency only.
“Given that both French and Spanish inflation data this morning beat expectations, a level close to 9% is more likely. This should confirm expectations of another 50 basis point rate hike by the ECB in September, which will provide the euro greater support for the weekend”, consider the analysts at Monex Europe.
The single currency was traded in a trading band between $1.0148 and $1.0251.
