©Reuters. The euro rises after data from the US economy
Frankfurt (Germany), Jun 24 (.).- The euro appreciated this Friday after the publication of data on the US economy and the comments of some members of the Governing Council of the European Central Bank (ECB) in favor of a sharp rise in interest rates.
The euro was trading at $1.0549 by 3pm GMT, down from $1.0521 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.0524 dollars.
Consumer confidence fell in the US in June to the lowest since the University of Michigan began compiling the index in 1940, due to high inflation.
New home sales rose in the US in May by 10.7% from the previous month.
“The single currency has also been underpinned by restrictive comments from the Governor of the Bank of Slovenia, Peter Kazimir, who said that the ECB could raise its interest rates by 200 basis points to 1.5% in the next 12 months”, comment the analysts of Monex Europe.
The single currency was traded in a trading band between 1.0513 and 1.0571.