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©Reuters. Euro falls after calm trading
Frankfurt (Germany), Jan 17 (.).- The euro has depreciated this Monday below 1.14 dollars to the extent that the greenback recovered in a calm negotiation because in the US the markets remained closed due to being a holiday celebrating Martin Luther King Day.
The euro was trading around 4pm GMT at $1.1400, down from $1.1435 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.1403 dollars.
China has lowered one-year interest rates by 0.1 percentage point to 2.85%, despite its economy growing by 8.1% in 2021.
The stock and fixed income markets were closed in the US for being a holiday.
The greenback recovers positions as the yield on US Treasury debt rises due to concerns about inflation.
The yield on US 10-year Treasury bonds stands at around 1.8%.
The single currency was traded in a trading band between $1.1392 and $1.1435.
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