© Reuters. Euro falls below $1.0850 after US jobs data
Frankfurt (Germany), Feb 3 (.).- The euro depreciated this Friday below the level of 1.0850 dollars, after the publication of impressive US employment data.
The euro was trading around 4:00 p.m. GMT at $1.0866, compared with $1.0934 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 $1.0937.
The US economy created 517,000 jobs in the first month of the year, 294,000 more than in December, at a time when the possible effects on the labor market of the interest rate increases that have been carried out are being closely observed. the Federal Reserve.
The unemployment rate fell in the US in January by one tenth, to 3.4%, the lowest rate since 1969.
In addition, the US services sector rebounded strongly in January.
These figures give the Fed leeway to further tighten its monetary policy and raise interest rates further so that dollar-denominated investments are more profitable, which is why this currency rises.
The euro had depreciated on Thursday after ECB President Christine Lagarde was less aggressive than expected, Monex Europe analysts comment.
The single currency was exchanged in a fluctuation band between 1.0810 and 1.0939 dollars.