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Currency: The euro stable against the dollar

17/12/2021
Categories: Economy/Forex

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After a turbulent week marked by meetings of the Federal Reserve (Fed) and the European Central Bank (ECB), the euro stabilized on Friday against the US dollar.

Around 10:00 GMT (11:00 CET), the euro climbed 0.02% to 1.1333 dollars for one euro. While the Fed has signaled its desire to raise rates in 2022, ECB President Christine Lagarde has on the contrary said that she considers an increase next year "very unlikely". Since the beginning of the year, the Dollar index, which compares the greenback to a basket of other major currencies, has gained 6.7%.

Although the pound temporarily rose to its highest in three weeks against the dollar on Thursday, at 1.3374 dollars to the pound, its performance remains subdued. On Friday, it yielded some 0.04% to 1.3317 dollars (-0.07% against the euro at 85.10 pence per euro).

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