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On Wednesday, the exchange rate of the euro in US trade remained low against European companies.
The common European currency, the euro, last traded at US $ 1.1657, the lowest level since the end of July.
The euro is also more or less stable against the franc. It currently costs 1.0772, down from 1.0783 in the early afternoon and 1.0774 at noon. The US dollar rose again slightly to 0.9239 from 0.9230 and 0.9204 and thus settled well above the 92-cent mark.
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Experts justify the latest weakness, among other things, with the increasing number of corona infections in Europe. Major euro zone countries like Spain and France are causing concern. In the morning, the stock market recovery only temporarily supported the euro. The crown crisis is once again having a stronger impact on the eurozone economy.
jsl / fba / cf /
NEW YORK (awp international)
