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©Reuters. The euro, around 1.1350 dollars after raising the yield of German debt
Frankfurt (Germany), Jan 19 (.).- The euro has remained around 1.1350 dollars this Wednesday after the data of the US real estate market and after the ten-year German debt returned to positive in the secondary market for the first time since May 2019.
The euro was trading at $1.1349 as of 4:10 p.m. GMT, versus $1.1339 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.1345 dollars.
Building permits rose 9.1% in the US in December and housing starts increased 1.4% compared to November, although many analysts had expected a drop in both.
The 10-year US Treasury bond yield rose to 1.90% as the US Federal Reserve (Fed) is expected to raise interest rates faster than expected to curb 7% inflation in the US, something that weakens the euro.
Rising yields in the US sovereign bond market have pushed German sovereign bond yields into positive for the first time since May 2019
Inflation reached 3.1% in Germany in 2021, in the United Kingdom it reached 5.4% in December, record figures for thirty years and that have encouraged bets on interest rate rises not only in the US.
However, the ECB assured in December that it will end these bond purchases at the end of March 2022 and that this year the conditions will not be met to raise interest rates.
The single currency was traded in a trading band between $1.1319 and $1.1354.
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