©Reuters. Euro falls after US jobs data
Frankfurt (Germany), Aug 5 (.).- The euro depreciated this Friday after the publication of US labor market data, which shows strong job creation and boosted the greenback.
The euro was trading at $1.0172 at around 1500 GMT, versus $1.0196 in late European forex trading the previous day.
The European Central Bank (ECB) set the exchange rate for the euro at 1.0233 dollars.
The strong job creation registered in July in the United States (USA), with more than half a million new jobs, supports the arguments of the Joe Biden government about the strength of the labor market and refutes the predictions of a recession in the world’s largest economy.
The figures are an argument for the Federal Reserve (Fed) to continue with its aggressive and rapid increases in interest rates.
The single currency was traded in a fluctuation band between $1.0142 and $1.0246.