© Reuters. The euro exceeds 1.10 dollars, the highest since April last year
Frankfurt (Germany), Apr 13 (.).- The euro continues its rise and exceeds $1.10 this Thursday, its highest since April last year, after the eurozone industrial production figures exceeded expectations.
The euro was trading around 12:30 GMT at $1.1015, compared to $1.0995 in the last hours of European currency market trading the previous day.
Industrial production increased by 1.5% in the euro area in February compared to January.
Information that the Governing Council of the European Central Bank (ECB) is in favor of raising interest rates by a quarter of a point in May also boosted the value of the euro.
ECB interest rates are now at 3.5% and the deposit facility at 3%.
The drop in inflation in the US and the minutes of the last meeting of the Federal Reserve (Fed) lead the markets to anticipate that the entity will raise its interest rates just one more time, by 25 basis points in May, until placing federal funds in the range between 5 and 5.25%.
Minutes from the last meeting showed that some members considered pausing rate hikes due to financial instability and that the Fed expects a recession by the end of the year due to financial turmoil.
