[ad_1]
© Reuters. The euro rises and exceeds 1.13 dollars
Frankfurt (Germany), Dec 8 (.) .- The euro has appreciated this Wednesday and has exceeded 1.13 dollars, while the mood in the markets is unstable because the uncertainty about the omicron variant remains, although news has been published positive on its effects on health and the efficacy of some vaccines.
The euro was trading at around 16.00 GMT at $ 1.1333, compared to $ 1.1244 in the last hours of the European currency market trading the previous day.
The European Central Bank (ECB) set the benchmark exchange rate for the euro at $ 1.1299.
The uncertainty about the new omicron variant takes its toll on the financial markets.
The depreciation of the dollar is limited because the yield on US Treasury debt remains strong.
ECB Vice President Luis de Guindos said today that the current phase of higher inflation could last longer than previously forecast, but there are no signs of second-round effects and wages soaring. due to inflation, although it predicts that wage growth in 2022 will be higher than in 2021.
De Guindos was convinced that inflation will begin to fall from 2022.
The single currency was traded in a fluctuation band between $ 1.1267 and $ 1.1335.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
[ad_2]