Börse Express – Foreign Exchange: the euro exchange rate continues to rise

The euro just before the weekend he increased his earnings a bit. In the latest US currency transactions, the latest common currency cost US $ 1.1833. The European Central Bank (ECB) had previously set the benchmark rate at 1.1815 (Thursday: 1.1791) dollars. Therefore, the dollar had cost 0.8464 (0.8481) euros. The euro benefited somewhat from the positive climate in equity markets. In general, however, price fluctuations were limited.

In European trading on Friday afternoon, weak US data also weighed a bit on the dollar. Consumer confidence surveyed by the University of Michigan fell significantly from the previous month. Above all, consumer expectations fell dramatically. In the US, the number of new corona infections is increasing significantly.

Furthermore, the President of the United States, Donald Trump, continues to make no move to acknowledge the electoral victory of Democrat Joe Biden. Rather, the White House is sticking to the presentation that President Donald Trump won the election and is about to enter his second term.

 ISIN  EU0009652759

AXC0372 2020-11-13 / 20:54

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