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© Reuters. The euro rises after the improvement of the mood in the markets
Frankfurt (Germany), Dec 8 (.).- The euro appreciated this Thursday after the improved mood in the markets and the willingness of investors to take more risks awaiting the meetings of the Federal Reserve (Fed) and of the European Central Bank (ECB).
The euro was trading around 4:00 p.m. GMT at $1.0544, compared with $1.0505 in the final hours of European currency market trading the previous day.
The ECB set the reference exchange rate for the euro at $1.0519.
Claims for unemployment benefits rose last week in the US by 4,000, to 230,000 claims, a record low.
These figures hardly prompted a reaction in the currency market but show that jobs are being created and unemployment is low in the US.
The market situation is fragile due to high gas prices in Europe and Russia’s threat of nuclear war.
Russia plans to attack from the Zaporizhia nuclear power plant, according to Energoatom.
The last few days have increased the chances that the ECB will raise its interest rates by 75 basis points on Thursday of next week, considers the global director of Macroeconomics at ING (AS:), Carsten Brzeski.
ECB chief economist Philip Lane said in an interview this week that they will need to raise interest rates several more times to curb inflation.
The single currency was exchanged in a fluctuation band between 1.0491 and 1.0547 dollars.
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