The euro remains around 1,155 dollars after good employment data from the US By EFE

Berlin, Nov 5 (.) .- The euro rebounded this Thursday at the last minute of the European currency market trading, remaining stable with respect to the previous day, after having reached a minimum of $ 1.1513 in the early hours of the late.

The euro was trading at around 16.00 GMT at $ 1.1553, compared to $ 1.1547 in the last hours of the previous day.

The European Central Bank (ECB) set the benchmark exchange rate for the euro at $ 1.1519.

In international markets, the US currency showed its strength after knowing the positive data of job creation in that country, where 531,000 jobs were created in October, a figure higher than that estimated by analysts, which gave investors confidence renewed in recovery.

Also influencing the strength of the dollar was the announcement that Pfizer (NYSE 🙂 has developed a pill that reduces the risk of death from covid-19 by almost 90% among people infected with the virus.

Thus, while the dollar reached its maximum price in the last thirteen months, that of the euro fell in the currency markets to its lowest level against the US currency in fifteen months.

Before the employment data for the United States was known, the European single currency was already trading below the reference level established the day before by the European Central Bank and in the early afternoon (around 15:00 GMT) it was at the level of $ 1.1527, a drop of 0.25%.

The minimum of the euro this year had been reached on October 6, with 1.1542, while the maximum was achieved by the European currency on January 6, when it reached 1.2338 dollars.

The single currency was changed this Friday in a fluctuation band between 1.1513 and 1.1564 dollars.

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.