© Reuters. The euro is close to 1.08 dollars
Frankfurt (Germany), March 27 (.).- The euro rose this Monday and approached 1.08 dollars, due to the increase in risk tolerance, as shown by the bullish opening of the Wall Street stock markets, which reduces demand for the dollar.
The euro was exchanged around 15:10 GMT at $1.0778, compared to $1.0765 in the last hours of European currency market trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at $1.0773.
Some positive news about the stability of the financial system contributed to the improvement of the mood in the markets to the extent that the US government supports the system.
However, the turmoil in the banking sector has not ended.
Business confidence improved in March in Germany in March despite turmoil in the banking sector.
The single currency was exchanged in a fluctuation band between 1.0746 and 1.0794 dollars.
