Sunday, October 1, 2017

The euro remains above $ 1.18

Frankfurt, Germany, 29 Sep () .- The euro was changed today above $ 1.18 on a day without major movements in which inflation data were published in the euro area and the US.
The euro was trading at 1700 GMT to $ 1,1803, compared to $ 1.1785 in the last hours of the European currency trading on the previous day.
The European Central Bank (ECB) today set the euro reference change at $ 1,1806.
The annual rate of inflation in the euro area remained at 1.5% during September, stable compared to August, according to a first estimate released today by the EU statistical office, Eurostat.
These figures had little impact on the euro exchange rate, the currency analyst at Commerzbank (DE: CBKG) Antje Praefcke told EFE.
The ECB will be cautious in deciding when to begin withdrawing monetary stimuli for weak inflation.
Rising prices were also weak in the US, more than anticipated and this weakened the dollar, but data on industrial activity in Chicago were strong and offset, according to Praefcke.
The euro moved today in a band of fluctuation between 1.1772 and 1.1833 dollars.


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