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© Reuters. The euro rises, although it does not manage to exceed 1.16 dollars
Frankfurt (Germany), Nov 1 (.) .- The euro has appreciated this Monday, although it has not managed to exceed 1.16 dollars after the publication of data on economic activity in the US.
The euro was trading at around 16.00 GMT at $ 1.1590, compared to $ 1.1558 in the last hours of the European currency market trading the previous day.
The European Central Bank (ECB) today set the euro’s reference exchange rate at $ 1.1578.
The purchasing managers index for the US manufacturing sector fell 0.3 points to 60.8 points in October compared to the previous month, according to figures from the Institute for Supply Management Institute for Supply Management (ISM).
Despite the drop, which was less than expected, the indicator shows that the US industry is growing, although the pressures on prices are high.
Markets will pay attention this week to the monetary policy meetings of the Federal Reserve (Fed), the Reserve Bank of Australia and the Bank of England, after the Bank of Canada announced last week the end of its program of monetary stimuli and an advance in interest rate hikes in the first half of the year.
In this way, the position of the world’s main central banks with respect to current inflation will be clear.
Retail sales in Germany fell 2.5% in September compared to the previous month.
The single currency was exchanged in a fluctuation band between 1.1546 and 1.1594 dollars.
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