© Reuters. The euro falls after the US job creation data
Frankfurt (Germany), Jan 5 (.).- The euro has depreciated this Thursday below 1.0550 dollars, after the publication of job creation data in the US, figures that were better than expected and support the determination of the Federal Reserve (Fed) to further raise its interest rates.
The euro was trading around 4:00 p.m. GMT at $1.0530, compared with $1.0589 in the final hours of European currency market trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at $1.0601.
Jobless claims in the US last week fell by 19,000, to 204,000, compared with the previous week.
In addition, the private sector created 235,000 new jobs in the US in December, compared to November, much more than expected, according to ADP figures.
The US labor market is very strong despite the rise in interest rates, which is why the Fed will continue to increase them this year and the fact that at its last meeting it only raised them by half a point -after four consecutive increases of 0.75 percentage points – is not a sign that it will stop doing so.
The Fed’s projections on interest rates significantly exceed market expectations.
The single currency was exchanged in a fluctuation band between 1.0518 and 1.0631 dollars.