Dollar strength: For these reasons, the euro rate falls to a five-month low | message


At its low, the common currency cost 1.1712 US dollars, the lowest it has since the beginning of November. In New York trading, the price was only a little higher at $ 1.1716. The European Central Bank (ECB) set the reference rate at 1.1741 (Monday: 1.1784) dollars. The dollar cost 0.8517 (0.8486) euros.


Trade currencies with up to leverage 30 now

Trade forex with high leverage and small spreads. With only 100.00 you can benefit from the effect of 3,000 euros in capital!

76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford the high risk of losing your money.

The euro is under pressure mainly due to the appreciating US dollar. The American currency is currently benefiting from favorable growth prospects, which are also accompanied by concerns about inflation and rising yields on the US bond market. On the one hand, this is due to the considerable economic stimulus that the government under President Joe Biden is sending with its billion-dollar spending programs.

On the other hand, the corona vaccination campaign in the USA is going much more smoothly than in Germany. Europe is still stuck in the pandemic, while the United States is on the right track in overcoming the crisis, said DZ Bank analyst Sandra Striffler on Tuesday. Against this background, the displeasure of investors with regard to the euro is only too understandable.


Image sources: filmfoto /

[ source link ]

Dollar strength reasons euro rate falls fivemonth message


Please enter your comment!
Please enter your name here