©Reuters. The euro stabilizes around 1.02 dollars
Frankfurt (Germany), Aug 8 (.).- The euro stabilized on Monday around 1.02 dollars, but has not been able to find buyers despite the fact that the mood in the markets and risk tolerance have improved.
The euro was trading at $1.0206 at around 1500 GMT, versus $1.0172 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.0199 dollars.
Strong job creation in the US increases the chances that the Federal Reserve (Fed) will raise interest rates even more aggressively.
The dollar will depreciate more steadily towards the end of the third quarter due to the deceleration of the Fed’s hike cycle as policy enters tightening territory and the economy begins to feel the full effects of tightening conditions. of financing”, predict the analysts of Monex Europe.
The single currency was traded in a trading band between $1.0159 and $1.0214.