© Reuters. Euro falls to $ 1.12 on US economy data
Frankfurt (Germany), Nov 24 (.) .- The euro depreciated below $ 1.12 this Wednesday, the lowest since mid-2020, after the publication of data on the US economy.
The euro was trading at around 16.00 GMT at $ 1.1195, compared to $ 1.1265 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 $ 1.1206.
Weekly claims for unemployment benefits in the US fell to 199,000 last week (270,000 the week before) and the US economy grew 2.1% year-on-year in the third quarter, while prices rose but less than expected.
Personal expenses increased in the US in October by 1.3% compared to the previous month (0.6% the previous month).
The price index for personal consumption expenditure, excluding energy and food, rose in the United States (USA) in October by 4.1% year-on-year (3.7% the previous month) and 0.4% compared to the previous month.
But the recovery of the euro area could be slowed down due to new restrictions and confinements in some countries due to the sharp increase in infections.
Business confidence declined again in November in Germany for the fifth month in a row as supply bottlenecks and the fourth wave of the coronavirus pandemic create difficulties for businesses.
The single currency was traded in a fluctuation band between $ 1.1186 and $ 1.1255.
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