© Reuters. The euro drops to $ 1.1269
Berlin, Nov 26 (.) .- The euro changed around $ 1.128 this Monday, after the rise last Friday, as the markets stabilized after the collapses caused by the new mutation of the covid.
The euro was trading around 4:00 p.m. GMT at $ 1.1269, compared to $ 1.1300 in the last hours of the European currency market trading last week.
The European Central Bank (ECB) set the benchmark change for the euro at $ 1.1291, identical to last Friday.
At the end of last week, the euro had recovered its strength due to the uncertainty in the stock markets caused by the rapid expansion of the omicron variant of the covid and by the fall in the price of.
However, the stabilization of the markets at the beginning of this week detracted from the strength of the single currency, which headed towards what was its usual course last week.
This Monday the ECB insisted that the rapid rise in inflation throughout the EU is a transitory phenomenon.
“We assume that the peak of inflationary development was reached in November and that next year inflation will gradually decline, taking the course of our 2% target,” Isabel Schnabel, of the ECB Executive Committee, told German public television. .
The single currency was traded in a fluctuation band between $ 1.1258 and $ 1.1378.
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