The euro remains stable above $ 1.13
Tuesday, June 7, 2016
Economics and Business Online
EFE
The euro continued stable today up $ 1.13, on a day which was driven by economic data in the area of best euro than expected.
the single currency was trading at 15.55 hours GMT to 1.1355 dollars, against 1.1366 dollars last hours of European trading the currency market the previous day.
the European Central Bank (ECB) today set the exchange rate reference 1.1348 euro dollar.
the gross domestic product (GDP) in the euro area grew by 0.6% in the first quarter from the previous quarter, according to the second review data released today by the EU statistical office, Eurostat.
“the economy of the euro area has started the year on a strong private consumption,” said an analyst at Capital economics Jack Allen.
the figures for industrial production in Germany also surprised positively.
the statements of the president of the Federal Reserve, Janet Yellen, had an impact on the currency market but only for a short time.
Yellen was cautiously optimistic about the US economy, but gave no clear signals on when to undertake the next rise in interest rates.
the band of fluctuation of the euro against the greenback fluctuated today between 1.1340 and 1.1379 dollars.
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