©Reuters. The euro falls again below the mark of 1.1 dollars
Berlin, March 23 (.).- The euro fell this Tuesday by 0.26% to 1.0991 dollars in a day in which it lost again the gains of the previous day, in a pessimistic climate when it is about to be fulfilled a month since the start of the war in Ukraine.
The euro was trading at $1.0991 as of 4:00 p.m. GMT, versus $1.1020 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.0985 dollars.
Investors spent the day awaiting the release of March Eurozone consumer confidence data, a gauge that was expected to fall from -8.8 in February to -12.9 this month.
However, the war in Ukraine dragged it down even more than expected to -18.7, while US home sales data for March were also worse than expected.
On the other hand, the ECB’s reluctance to act on the threat of inflation did not benefit the single currency either.
The euro was traded in a trading band between 1.0964 and 1.1040.
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