frankfurt. The euro recovered positions this Friday after the US employment data, although the selling pressure on the euro remains, which previously fell to almost touch parity with the dollar.
The euro was trading at $1.0178 by 3pm GMT, versus $1.0175 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.0163 dollars. The euro dipped below $1.01 in early European forex trading in a risk-off environment, with markets expecting it to hit parity soon.
The Governor of the Banca d’Italia, Ignatius Visco, He said the ECB may consider raising interest rates higher in September after raising them by 25 basis points in July.
In the minutes of the June 9 monetary policy meeting, the ECB explains that “a number of members (of the Governing Council) expressed their initial preference for leaving the door open to a further increase (in interest rates) in July meeting.
Read more: The euro falls to its lowest for more than two years against the dollar
But other members, such as Visco, are more cautious about the danger of driving the euro zone economy into recession with very strong and rapid increases in the price of money.
The economy The US created 372,000 jobs in June, a number very similar to that of the month of May, which the office has slightly corrected and now numbers at 384,000 (compared to the 390,000 reported in June).
The Federal Reserve (Fed) it is going to raise interest rates more aggressively, with higher and faster increases than the ECB, and that is why the dollar rises.
The single currency was traded in a fluctuation band between 1.0077 and 1.0191.
