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Currency: The euro down slightly against the dollar

24/03/2021
Categories: Economy/Forex

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On Tuesday, the euro fell against the dollar before an intervention by the president of the US Central Bank (Fed) Jerome Powell before the House of Representatives.

The lockdowns weigh on the euro in sharp decline against the dollar. Around 10:20 GMT (11:20 in Paris), the euro fell 0.36% to 1.1889 dollars for a euro.
Stephen Innes, an analyst at Axi, believes that the euro " remains close to its lowest point of the year due to the slow roll-out of the vaccination program."
Thu Lan Nguyen, an analyst at Commerzbank, said: " The main idea remains that the recovery will come, which should put an end to the ultra-accommodative policy of the European Central Bank (ECB) sooner or later ."

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