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Currency: The euro retreats this Friday

11/02/2022
Categories: Economy/Forex

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While the ECB was more cautious, the euro fell against the dollar on Friday. A caution that contrasts with the prospect of a tightening of American monetary policy, while inflation continued to accelerate in January in the United States to reach 7.5% over one year, a record in nearly 40 years. .

After cautious remarks by President Christine Lagarde and the day after inflation data in the United States caused contradictory movements in the greenback, the European currency fell. Around 10:10 a.m. GMT (11:10 a.m. CET), the euro fell 0.38% to 1.1384 dollars.

After jumping initially on Thursday, the greenback fell against the euro to approach the symbolic threshold of 1.15 dollars for one euro, which has not been crossed since October. But since this bout of weakness, the dollar has recovered. As a result of these hesitations, the euro-dollar parity is moving more or less to its level at the start of the year (+0.13% for the euro).

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