©Reuters. The euro continues to fall due to the caution of investors
Frankfurt (Germany), Aug 16 (.).- The euro depreciated further on Tuesday due to investors’ caution due to fears of a recession, although some data from the US economy, which disappointed, stopped the appreciation of the dollar.
The euro was trading at $1.0188 by 3pm GMT, versus $1.0192 in late European forex trading the previous day.
The European Central Bank (ECB) set the exchange rate for the euro at 1.0131 dollars.
The drop in investor confidence in Germany in August due to inflation further weakened the euro.
Building permits fell in the US in July by 1.3% from the previous month and housing starts fell by 9.6%.
The dollar slowed its appreciation a bit after the publication of these data.
The single currency was traded in a fluctuation band between $1.0123 and $1.0191.