©Reuters. The euro closes the week settled at 1.1 dollars
Frankfurt (Germany), March 25 (.).- The euro closed the week settled on 1.1 dollars, after two consecutive days under the sign of stability, more than a month influenced by the invasion of Ukraine by Russia .
The euro was trading at $1.1003 as of 4:00 p.m. GMT, down from $1.1 in late-hours European currency market trading on Thursday.
The European Central Bank (ECB) set the exchange rate for the euro at 1.1002.
The European currency moved this Friday in a fluctuation band between 1.1038 dollars and the minimum of 1.0992.
The sentiments in the markets seem less vulnerable to the current situation than what is reflected by the business confidence index of the German Institute for Economic Research (Ifo), which in March suffered an even greater collapse than those registered at the height of the pandemic .
Said index, one of the traditional barometers of the leading European economic power, fell more than thirteen points, to stand at 90.8 this month, compared to 98.5 in February.
It is a drop higher than that registered in March 2020, with the beginning of the paralysis of public life, when the drop was 11.8 points.
gc-
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
