©Reuters. Euro rises to $1.0250 ahead of US inflation figures
Frankfurt (Germany), Aug 9 (.).- The euro rose this Tuesday to 1.0250 dollars due to caution before the publication of inflation figures in the US, which will influence the decision of the Federal Reserve (Fed) in September.
The euro was trading at $1.0227 around 3pm GMT, versus $1.0206 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.0234 dollars.
Unit labor costs rose 10.8% in the United States (US) in the second quarter, down from 12.7% in the first quarter, but more than expected.
Productivity fell in the US in the second quarter by 4.6% compared to the previous one.
The single currency was traded in a trading band between $1.0188 and $1.0246.