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© Reuters. The euro recovers positions and exceeds $ 1.08 again
Berlin, Jan 20 (.).- The euro rose this Friday until it was once again above the $1.08 range, after falling below that line on Thursday and while a positive evolution is glimpsed in some economies from the euro zone.
The euro was trading around 4:00 p.m. GMT at $1.0832, compared with $1.0792 in the final hours of European currency market trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at $1.0826.
The European currency fluctuated this Friday between a minimum price of 1.0802 dollars and a maximum of 1.0860 dollars.
The week thus closes under the sign of recovery, after the intervention yesterday, Thursday, at the World Economic Forum in Davos (Switzerland) by the president of the European Central Bank (ECB), Christine Lagarde, pointing to another rise in interest rates. interest.
The fight against inflation focuses the attention of the markets, in the midst of the first signs of a removal of the risk of falling into recession on the part of the first economy of the euro zone, Germany.
In Davos, Chancellor Olaf Scholz had already shown himself a few days ago convinced that this contraction will not occur, which until a few months ago all the experts and his own government predicted.
Next week, the presentation of the updated forecasts for 2023 by his Minister of Economy and Climate Protection, the green Robert Habeck, is expected.
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