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Currency: The euro up slightly against the dollar

25/06/2021
Categories: Economy/Forex

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Before American inflation, the European currency traded slightly against the dollar this Friday. She earned 0.10% at $1.1943

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In a quiet market before the PCE consumer price indicator in May in the United States, a figure used by the American 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% at 1.1943 dollars. Since the start of the week, the euro has recovered 0.66%, but remains down 1.51% compared to last Wednesday, before the last Fed meeting. Forex traders are watching inflation indicators to assess whether the Fed, which for now promises to keep its monetary policy unchanged to avoid weighing on economic recovery, will have to change its tune. On the cryptocurrency side, bitcoin fell slightly (-1.6% to $34,313)

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