©Reuters. The euro yields 0.33% before signs of prolonging the war in Ukraine
Berlin, March 11 (.).- The euro fell 0.33% this Friday to 1.0952 dollars when the war in Ukraine has no sign of ending and influences the economic forecasts for the Eurozone.
The euro was trading at $1.0952 as of 4:10 p.m. GMT, versus $1.1010 in late European forex trading the previous day.
The European Central Bank (ECB) set the reference exchange rate for the euro at 1.0990 dollars.
The single currency rose yesterday after the ECB decided to end debt purchases in the third quarter, but then fell again due to the caution of its president, Christine Lagarde.
The euro was trending higher this morning after the ECB’s monetary policy meeting, but later fell on new economic forecasts for low growth and sharp rises in inflation.
Overall, confidence in the Eurozone remains fragile due to pressure from energy prices in the context of the war in Ukraine.
A possible escalation of the military conflict over the weekend, with the markets closed, also influenced investor sentiment.
The single currency was traded in a trading band between 1.1044 and 1.0946.
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.