© Reuters. The euro remains above 1.07 dollars in a turbulent day for banks
Berlin, March 24 (.).- The euro lost ground today, although it remained above the $1.07 range, in a day marked by turbulence in the big banks and pronouncements from the European Union (EU). guaranteeing the stability of the sector.
The euro was trading around 4:00 p.m. GMT at $1.0765, compared with $1.0886 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 $1.0745.
The single currency was exchanged in a fluctuation band between 1.0839 and 1.0714 dollars.
It was a day marked by the fall of up to two digits in the selective DAX40 in Frankfurt of the shares of the Deutsche Bank (ETR:), the industry leader in Germany, and Commerbank.
From Brussels there were statements among the main leaders of the EU, guaranteeing that the fundamentals of European banking are solid.
“We have learned from past crises and the euro area is now the area where the banks are most solid,” French President Emmanuel Macron said at the closing hearing of the European Council.
The German Chancellor, Olaf Scholz, spoke in a similar vein from Brussels, while in his country the warnings of experts followed one another.
The banking situation is “threatening”, warned the German Institute of Economics (IW), while advising against rescue operations such as those of 2008, although it also recalled that, unlike then, now there are “instruments” to deal with the crisis.
