©Reuters. Euro falls sharply after US inflation figures
Frankfurt (Germany), Sep 13 (.).- The euro has fallen sharply this Tuesday after the publication of the US inflation figures, which were higher than expected and suggest more aggressive increases in interest rates.
The euro was trading at $1.0019 around 3pm GMT, down from $1.0126 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.0175 dollars.
Inflation in the United States fell again in August, for the second consecutive month, and placed its year-on-year rate at 8.3%, two tenths less than in July, but a higher figure than expected.
This figure increased bets that the Federal Reserve (Fed) will raise its interest rates by a quarter of a point this month.
The single currency was traded in a fluctuation band between $1.0007 and $1.0186.