The euro falls after the data of the US economy and the Fed By EFE

Frankfurt (Germany), Nov 4 (.) .- The euro has changed this Thursday below $ 1.1550 after the publication of data from the US economy, which were better than expected, and the Reserve Federal (Fed) will announce the reduction of monetary stimuli.

The euro was trading at around 16.25 GMT at $ 1.1547, compared to $ 1.1584 in the last hours of the European currency market trading the previous day.

The European Central Bank (ECB) set the benchmark exchange rate for the euro at $ 1.1569.

In general, the dollar has appreciated against various currencies after the Fed said it will begin to reduce monthly debt purchases this month, something that did not surprise the markets, which had already discounted it.

The Fed is reducing its quantitative easing program by a maximum of $ 15 billion a month through the end of the year.

But the euro came to exceed $ 1.16 because Fed Chairman Jerome Powell reiterated that inflation is temporary and asked for patience regarding an increase in interest rates.

In addition, robust data from the US economy has boosted dollar purchases.

The weekly number of applications for unemployment benefits in the US fell to 269,000 last week, more than expected.

The single currency was exchanged in a fluctuation band between 1.1528 and 1.1617 dollars.

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