He Euro fell on Wednesday to $1.1008 after the US consumer price index (CPI) fell four-tenths of a point in August to 2.5% year-on-year.
The single currency was quoted at $1.1008 at around 15:00 GMT on Wednesday, down from $1.1019 the previous day.
- He European Central Bank (ECB) set the exchange rate at 1.1043 dollars.
He Euro lost ground against the dollar on a day in which it was confirmed that US inflation fell four-tenths in August, to 2.5% year-on-year, its lowest rate since February 2021, but still above the Federal Reserve’s (Fed) 2% target.
Core inflation – which excludes the volatile energy prices and food – remained at 3.2% year-on-year and rose three-tenths in monthly terms.
Analysts of Bankinter They noted that these levels would allow the Fed to begin the rate cut process on September 18but would rule out the possibility of this cut being 50 basis points.
The session addressed the debate between Kamala Harris and Donald Trump
The session was also marked by the debate held last night between the candidates for the White House in the elections on November 5, Kamala Harris and Donald Trumpfrom which, according to Banca March analysts, the first emerged strengthened.
All this in the day before the ECB announces its decision on Thursday interest rateswhich is expected to be cut by a quarter of a point, bringing the deposit facility – which pays for excess overnight reserves and is its reference rate – to 3.5%, according to analysts.
