© Reuters. The euro exceeds 1.14 dollars for the first time in three months
Frankfurt (Germany), Jan 12 (.).- The euro has appreciated this Wednesday and has exceeded 1.14 dollars for the first time since mid-November, due to the weakness of the greenback due to the increase in risk tolerance.
The euro was trading at $1.1420 by 4pm GMT, down from $1.136 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.1370 dollars.
The year-on-year rate of inflation in the United States rose to 7% in December, two tenths above that of November and the highest figure recorded since June 1982, with Ronald Reagan heading the US government and Paul Volcker directing the Federal Reserve .
But core inflation, which excludes food and fuel prices, which are the most volatile, was 5.5% year-on-year in December, higher than expected (compared to 4.9% in the previous calculation).
A greater tolerance for risk is maintained in the market and therefore the stock markets rise and the return on sovereign debt falls.
The markets have already partially discounted that the Fed is going to tighten its monetary policy and raise its interest rates.
The single currency was traded in a trading band between $1.1355 and $1.1425.
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