© Reuters. The euro recovers positions due to the collection of benefits from the dollar
Frankfurt (Germany), Nov 18 (.) .- The euro has recovered some positions due to the profit of the dollar as the yield on the long-term US Treasury debt has fallen.
The euro was trading at around 16.00 GMT at $ 1.1350, compared to $ 1.1305 in the last hours of the European currency market trading the previous day.
The European Central Bank (ECB) today set the euro’s reference exchange rate at $ 1.1345.
The yield on 10-year US Treasury debt is above 1.6%.
Data from the US economy had no impact on the foreign exchange market.
The weekly number of applications for unemployment benefits in the United States fell to 268,000 last week, compared with 269,000 the previous week.
The Philadelphia region’s manufacturing activity index improved 15.2 points in November to 39 points, much more than expected.
In addition, the president of the Federal Reserve Bank of Chicago, Charles Evans, was more concerned about inflation, predicting that upward pressures on prices will take longer to disappear than he thought and that the labor market situation is good.
Evans forecast an unemployment rate of 4.5% by the end of the year and a dynamic job market in 2022.
The governor of the Austrian National Bank, Robert Holzmann, who is a member of the Governing Council of the ECB, believes that quantitative easing should end because inflation is going to be high for longer than initially anticipated.
These comments in favor of tighter monetary policy, which would contribute to higher interest rates in the euro area, gave the euro a boost
The single currency was exchanged in a fluctuation band between 1.1314 and 1.1359 dollars.
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