[ad_1]
©Reuters. The euro moves around parity
Frankfurt (Germany), Sep 15 (.).- The euro moved close to parity today due to the lack of direction in global markets and the caution of many investors before the meeting of the United States Federal Reserve (Fed) .
The euro was trading at $0.9997 by 3pm GMT, down from $0.9984 in late European forex trading the previous day.
The European Central Bank (ECB) set the exchange rate for the euro at $0.9992.
The weekly number of applications for unemployment benefits in the United States fell to 213,000 last week, compared with 218,000 the previous week.
Applications fell for the fifth consecutive week because the US labor market is robust and many companies have a shortage of workers, despite the slowdown in the country’s economic growth, so the Federal Reserve (Fed) may raise its interest rates further to curb inflation.
Retail sales rose in the US in August by 0.3% from the previous month.
The market now considers it more likely that the Fed will raise the price of money by one percentage point this month and by 75 basis points in November.
The single currency was traded in a fluctuation band between $0.9956 and $1.0016.
[ad_2]