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©Reuters. The euro falls due to risk aversion and end-of-quarter adjustments
Frankfurt (Germany), June 30 (.).- The euro depreciated this Thursday to below 1.04 dollars due to the general aversion to risk in the markets and adjustments at the end of the second quarter.
The euro was trading at $1.0454 as of 3:10 p.m. GMT, versus $1.0475 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.0387 dollars.
However, the fall in the yield on US Treasury debt slowed down the appreciation of the greenback.
The prices of personal consumption spending in the US rose by 6.3% year-on-year in May, as in April, according to the Commerce Department index.
Discounting energy and food, prices rose 4.7% year-on-year in May, a figure that is taken into account by the Federal Reserve (Fed) for its monetary policy.
The weekly number of applications for unemployment benefits in the United States fell last week to 231,000, 2,000 less than the previous week.
“Recession fears resonate, but month-end flows are likely to dominate” due to adjustments at the end of the quarter, according to analysts at Monex Europe.
The single currency was traded in a trading band between 1.0383 and 1.0468.
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