Frankfurt (Germany), (EFE).- The euro exceeded $1.06 on Tuesday, reaching its maximum for six months, after the publication of the consumer price index (CPI) in the US, which was more lower than expected.
The euro was trading around 4:00 p.m. GMT at $1.0632, compared with $1.0528 in the final hours of European currency market trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at $1.0545.
Inflation fell in the US in November to 7.1% year-to-year, six tenths less than in October.
For this reason, the Federal Reserve (Fed) could slow down the pace of interest rate increases on Wednesday and this weakened the dollar.
The single currency was exchanged in a fluctuation band between 1.0529 and 1.0669 dollars.
