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©Reuters. The euro remains above $1.07
Frankfurt (Germany), May 27 (.).- The euro continued this Friday along the line of recovery that began the day before and consolidated at the end of the week above the range of 1.07 dollars.
By 1500 GMT, the European currency was trading at $1.0717, compared to $1.0716 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.0722 dollars.
In the middle of the week the euro had fallen to 1.0660 euros, a situation that seemed to be maintained due to the low activity and stimuli derived from Ascension Day, a holiday in part of Europe.
From Germany, the main news in the economic field came this Friday from the president of the Bundesbank, Joachim Nagel, who in statements to the weekly “Der Spiegel” predicted several successive increases in interest rates to curb inflation.
The president of the ECB, Christine Lagarde, advanced a few days ago the purpose of the financial institution to start raising rates in July.
The European currency moved this Friday between a minimum of 1.0697 dollars and a maximum of 1.0765 dollars.
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