©Reuters. The euro accentuates its fall and is clearly below 1.10 dollars
Frankfurt (Germany), Apr 5 (.).- The euro accentuated its fall today, given the foreseeable tightening of sanctions against Russia, until it was clearly and for the second consecutive day below the 1.10 dollar range.
By 15:00 GMT, the European currency was trading at $1.0939 from $1.0995 the day before.
The European Central Bank (ECB), for its part, set the reference exchange rate for the euro on Tuesday at 1.0969 dollars.
The international condemnations of Russia, after the alleged massacres of civilians in Bucha, in the kyiv region, have been followed by proposals for new sanctions against Moscow from the European Commission (EC), including an embargo on Russian imports to which Germany it no longer opposes it frontally.
Likewise, expulsions of Russian diplomats are taking place throughout Europe, which points to a deterioration in relations with Moscow that will be difficult to redirect towards more stable ground.
The euro did not even manage to touch the line of 1.10 dollars, but fluctuated throughout this day between the maximum of 1.0989 euros and the minimum of 1.0931 dollars.
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