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British Point Returns – Euro Holds Under 1.10 Swiss Francs | 23/7/19



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The euro fell below $ 1.12 on Tuesday.

During the day, the euro fell to $ 11488, its lowest since the end of May. Lastly, they paid $ 1.151 in New York.

The European Central Bank (ECB) has now set the reference rate on 1.1173 (Monday: 1.1215) US. There. Dollars. The dollar has cost 0.8950 (0.8917) euros.

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Meanwhile, the euro has weakened to the Swiss franc and quotes as earlier in the previous day the French mark of 1.10 to 1.0992. This is slightly more than in the afternoon (1,0981 Francs). US $ There. The dollar is rising slightly to 0.9858 Francs (afternoon: 0.9843 Francs). Traders are responsible for the weakness of the single currency, including the forthcoming interest rate decision of the European Central Bank (ECB). It is not excluded that the outgoing ECB chief Mario Draghi wants to surprise the markets once again, it says on the market.

But the weakness of the euro is also due to a dollar strength, triggered by an agreement on a debt ceiling in the US. The day before, the US. There. Government and representatives of the US There. Congress has agreed on a budget package and debt ceiling. This agreement has prevented a possible new regime of government. In addition, a circular message made a new hope in China's trade dispute. Accordingly, a delegation of diplomas under the leadership of Trade Representative Robert Lighthizer may rank high in China on Monday.

Foreign exchange markets were also hit by the British pound following the decision of the new British Prime Minister. As expected, Boris Johnson won the race to be successful theresa may by being elected to the new head of the Conservative Party.

According to economist Peter Dixon of the Commerzbank, he now faces the difficult task of reconciling his promises with reality. "Although the prospect of a disorderly brexitis in October has increased, we still estimate the probability well below 50 percent."

FRANKFURT (international international)

Image source: istockphoto / Photo Baby, Bloomberg, Vladimir Wrangel / Shutterstock.com, Keystone

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