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Currency: The euro fell slightly against the dollar

24/03/2021
Categories: Economy/Forex

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On Tuesday, the euro fell against the dollar before an intervention by the president of the American Central Bank (Fed) Jerome Powell before the House of Representatives.

Lockdowns are weighing on the euro in a marked fall against the dollar. Around 10:20 GMT (11:20 in Paris), the euro fell 0.36% to 1.1889 dollars per euro.
Stephen Innes, an analyst at Axi, believes that the euro “remains close to its lowest of the year due to the slow deployment of the vaccination program.”
Thu Lan Nguyen, an analyst at Commerzbank, believes that “the main idea is still that recovery will come, which should put an end to the ultra-accommodative policy of the European Central Bank (ECB)

sooner or later.”
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