© Reuters. The euro exceeds 1.09 dollars boosted by the drop in inflation
Berlin, March 30 (.).- The euro shot up this Thursday to overcome the barrier of 1.09 dollars, boosted by the positive inflation figures in several countries of the euro zone, indicators that the pressure is beginning to be contained from rising prices.
The euro was trading around 3:00 p.m. GMT at $1.0907, compared with $1.0833 in the final hours of European currency market trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at $1.0886.
The single currency moved in a fluctuation band between 1.0927 and 1.0824 dollars.
The positive reaction follows the release of inflation figures in Germany, where in March the year-on-year increase stood at 7.4%, more than one point below that corresponding to February (8.7%).
It is still too high a level, but it is the first time since last August that year-on-year inflation in the leading economy in the area remains below 8%, after having reached its maximum in October, 10.4 %.
