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February 3, 2023
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The euro falls below 1.0850 dollars

The euro falls below 1.0850 dollars

He euro depreciated below the $1.0850 level this Friday, after the release of impressive US jobs data.

He euro was changed around 16:00 GMT to $1.0866compared to 1.0934 dollars in the last hours of the European negotiation of the foreign exchange market of the previous day.

The European Central Bank (ECB) set the reference exchange rate for euro in $1.0937.

The US economy created in the first month of the year 517,000 jobs294,000 more than during December, at a time when the possible effects on the labor market of the interest rate hikes carried out by the Federal Reserve are being closely observed.

The unemployment rate fell in the US in January one tenth, up to 3.4%the lowest rate since 1969.

In addition, the US service sector bounces hard in january.

These figures give the Fed leeway to further tighten its monetary policy and raise interest rates further so that dollar-denominated investments are more profitable, which is why this currency rises.

He euro it had depreciated on Thursday after ECB President Christine Lagarde was less aggressive than expected, analysts at Monex Europe comment.

The single currency was exchanged in a fluctuation band between 1.0810 and 1.0939 dollars.

Reliable, reliable and easy. Multimedia news agency in Spanish.

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