© Reuters. The euro falls after the rise in the yield of the debt of the US Treasury
Frankfurt (Germany), Nov 23 (.) .- The euro depreciated this Tuesday after the rise in the yield on the US Treasury debt, although some economic data from the euro area had boosted it upward previously.
The euro was trading at around 4:00 pm GMT at $ 1.1265, compared to $ 1.1250 in the last hours of the European currency market trading the previous day.
The European Central Bank (ECB) set the benchmark exchange rate for the euro at $ 1.1259.
The euro had reached $ 1.1275 in the first hours of European trading after the publication of good economic data from the region, but lost positions as the dollar rose due to the increase in the yield of the US Treasury debt. to ten years up to 1.66%.
The flash of the composite index of the total activity of the euro area, the manufacturing sector and services, stood at 55.8 points (54.2 points in October), registering its maximum in the last two months, according to IHS Markit.
“The growth of total activity in the euro zone has accelerated in November, after having fallen to its lowest in six months in October,” adds IHS Markit.
But, he warns, “the rebound was accompanied by a new marked increase in inflationary pressures during the month, as the costs borne by firms and the average prices charged for both products and services increased at record rates.”
The single currency was traded in a fluctuation band between $ 1.1226 and $ 1.1275.
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