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© Reuters. The euro accentuates its negative trend and closes at 1.0839 dollars
Berlin, Jan 26 (.).- The euro accentuated this Friday the negative trend undertaken the previous day until closing the week well below the level of 1.09 dollars awaiting the following decisions from the European Central Bank (ECB). .
The euro was trading around 4:00 p.m. GMT at $1.0839, compared with $1.0875 in the final hours of European currency market trading the previous day.
The ECB, for its part, set the reference exchange rate for the euro at $1.0865.
Market expectations are based on the foreseen decisions regarding the ECB’s guide rates, after having begun to contain inflation and reflecting the first signs of relief in the main economies of the euro zone, such as Germany.
It is taken for granted that a new rate hike will be approved, according to the dynamics undertaken by its president, Christine Lagarde.
The single currency was exchanged in a fluctuation band between 1.0838 and 1.0895 dollars.
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