© Reuters. The euro is exchanged above 1.09 dollars
Frankfurt (Germany), April 11 (.).- The euro traded above $1.09 today due to optimism in the stock markets after the Easter holidays and the publication of economic data from the eurozone, better than what was planned.
The euro was trading around 3:00 p.m. GMT at $1.0917, compared with $1.0919 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 $1.0905.
The increase in risk tolerance, as shown by the rise in equities, reduces the demand for the dollar, which is considered a safe investment in times of crisis.
Confidence in the euro area economy improved in April more than expected, according to Sentix.
The single currency was exchanged in a fluctuation band between 1.0868 and 1.0927 dollars.
