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© Reuters. The euro falls below 1.07 dollars after the latest data from the US
Frankfurt (Germany), Feb 10 (.).- The euro depreciated this Friday below 1.07 dollars, after the improvement in consumer confidence in the US at the beginning of February and the increase in inflation expectations.
The euro was trading around 4:00 p.m. GMT at $1.0684, compared with $1.0768 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 $1.0690.
Consumer confidence rose in the US in February, for the third consecutive month, although it remains subdued by concerns about high inflation and the effects of the economic slowdown on the labor market.
The dollar appreciated against the euro and also against other currencies.
Investors expect the Federal Reserve (Fed) to raise its interest rates above 5% in May.
The single currency was exchanged in a fluctuation band between 1.0682 and 1.0752 dollars.
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