The euro falls strongly with respect to dollar after the decision of European Central Bank (ECB) to raise rates, and shortly after 3:30 p.m. the single currency lost 0.6% and traded at $1.0921.
During the morning it has quoted above 1.1 dollars, a barrier that broke last night for the first time since last April, according to data consulted by Efe.
The President of the ECB, christine lagardehas emphasized the press conference after the decision of the entity in which more uploads are needed for inflation to drop to its 2% target and anticipated another half-point rise at the next meeting in March.
The euro lost parity With respect to dollar last July (when the ECB began to raise rates) and since it touched a minimum of 0.9536 dollars at the beginning of autumn, the currency accumulates a revaluation of close to 13%.
