©Reuters. The euro remains below $1.11
Frankfurt (Germany), March 3 (.).- The euro remained below 1.11 dollars on Thursday after the yield on US Treasury debt stabilized at high levels due to the war in Ukraine.
The euro was trading at $1.1062 as of 4:00 p.m. GMT, versus $1.1085 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.1076 dollars.
The second round of negotiations between Russia and Ukraine continues, on the eighth day of the war.
Euro zone economic growth picks up in February as fare inflation hits a new study high, according to consultancy IHS Markit.
The final index composed of the total activity of the euro area, the manufacturing sector and services rose in January to 55.5 points (flash estimate: 55.8 points and final data for January: 52.3 points).
Producer prices rose in January in the euro area by 30.6% year-on-year.
Claims for jobless benefits in the United States continued to decline last week to 215,000, compared to 233,000 the previous week.
The single currency was traded in a trading band between 1.1058 and 1.1122.
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