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Currency: The euro up slightly against the dollar

25/06/2021
Categories: Economy/Forex

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Before US inflation, the European currency shows this Friday a slight against the dollar. It gained 0.10% to $1.1943.

 

In a peaceful market before the PCE indicator on consumer prices in May in the United States, a figure used by the US Central Bank (Fed) to assess inflation, the euro rose slightly against the greenback. Around 09:05 GMT (11:05 CET), the euro gained 0.10% to 1.1943 dollars. Since the beginning of the week, the euro has recovered 0.66%, but remains down 1.51% compared to last Wednesday, before the last meeting of the Fed. Currency traders are watching inflation indicators to assess whether the Fed, which is currently promising to keep its monetary policy unchanged to avoid weighing on economic stimulus, will have to change its tune. On the cryptocurrency side, bitcoin was down slightly (-1.6% to $34,313).

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