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©Reuters. The euro again exceeds 1.07 dollars
Berlin, June 2 (.).- The euro recovered slightly this Thursday and once again exceeded the psychological barrier of 1.07 dollars, despite the strengthening of the green currency due to the good economic data from the US.
The single currency was trading at 5pm local time at $1.0713, down from $1.066 in late European trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.0692 dollars.
The good economic data coming from the United States (USA) contributed to reduce the expectations of a possible relaxation in the rises in interest rates, which are expected from the Federal Reserve.
However, despite the strengthening that this meant for the dollar, the euro managed to stabilize this Thursday, when investors expect that next week the ECB will debate its monetary policy at a meeting in the face of the record rise in inflation.
The euro was also buoyed by the release of German and Eurozone manufacturing PMI data, which remained within expectations and pointed to expansion.
The single currency was traded in a trading band between $1.0645 and $1.0720.
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