© Reuters. The euro falls after US inflation figures
Frankfurt (Germany), Nov 10 (.) .- The euro fell this Wednesday, to the level of $ 1.1510, after the sharp rise in consumer prices in the US in October.
The euro was trading at around 4.15pm GMT at $ 1.1526, compared to $ 1.1585 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 $ 1.1558.
The inflation rate in the US rose 6.2% year-on-year in October, the highest since 1990, more than expected and compared to 5.4% in September.
These figures will lead the Federal Reserve (Fed) to have to raise interest rates, at the latest, at the end of next year, so that the rise in prices approaches its objective of 2%, according to some experts.
A rise in interest rates in the US boosts the price of the dollar because it makes investments in this currency more attractive, while the ECB reiterates that it does not discuss ending asset purchases or quantitative easing.
The single currency was traded in a fluctuation band between $ 1.1511 and $ 1.156.
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