Euro exchange rate little moved after a four-week low – the reasons | 01/14/21


After a four-week low, the euro rate recently showed little movement on Thursday.

In the New York trade, 1.2158 US dollars were paid for the common currency euro, which was slightly more than in late European business.  The  European Central Bank (ECB) had set the reference rate at 1.2124 (Wednesday: 1.2166) dollars and the dollar cost 0.8248 (0.8220) euros.


 The  interim losses with which the euro had tied to the development of the past few days were due to the prospect of a large economic aid package from the designated US President Joe Biden for the consequences of the corona pandemic. ©

 The  hopes for growth this sparked have recently driven yields on US government bonds and thus strengthened the dollar. Biden wants to comment on his plans this Thursday.



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Euro exchange rate moved fourweek reasons


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