© Reuters. Euro falls below $ 1.13, to July 2020 levels
Frankfurt (Germany), Nov 17 (.) .- The euro has depreciated this Wednesday below 1.13 dollars, the lowest since July 2020, because it continues to be pressured by the differential in interest rates between the US and the euro zone. euro and the sharp increase in infections in Europe.
The euro was trading at around 4:00 pm GMT at $ 1.1305, compared to $ 1.1350 in the last hours of the European currency market trading the previous day.
The European Central Bank (ECB) set the benchmark exchange rate for the euro at $ 1.1316.
The euro has been changed in the European negotiation above 1.13 dollars, although in the Asian negotiation it fell to 1.1264 dollars, the minimum since July 2020.
Some European countries are going to apply partial lockdowns or restrictions on unvaccinated people, which could slow down the economic recovery and put downward pressure on the euro.
“The news yesterday that Germany has suspended the certification process of the Russian Nord Stream 2 gas pipeline has caused energy prices to rise in Europe and has put additional pressure on the euro,” because it could further increase inflation and hurt growth, according to analysts at Monex Europe.
The single currency was exchanged in a fluctuation band between 1.1264 and 1.1333 dollars.
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