©Reuters. The euro remains close to 1.1350 dollars
Frankfurt (Germany), Jan 20 (.).- The euro has remained this Thursday in a narrow band around 1.1350 dollars, without a clear direction, after the data of the US economy.
The euro was trading at $1.1347 by 4pm GMT, versus $1.1349 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.1338 dollars.
The weekly number of applications for unemployment benefits in the United States rose last week to 286,000, compared with 231,000 applications in the previous week.
The economy of the Philadelphia region is expanding despite the spread of the omicron variant and the shortage of workers and supplies.
The dollar weakened on Wednesday on dollar sales after yields on US Treasuries fell.
However, this return is higher than that of European sovereign bonds.
Markets expect the US Federal Reserve (Fed) to raise interest rates faster than expected to curb 7% inflation in the US.
They have already discounted that the Fed will raise interest rates by 25 basis points in March and are betting on a higher rate hike of 50 basis points.
The single currency was traded in a fluctuation band between $1.1329 and $1.1369.
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