Tuesday, August 9, 2022

The euro is devaluing again due to employment data in the US.

The currency that governs most European countries has been devalued in recent months until it is equal to the dollar. Photo: Pixabay

euro Depreciated on this Friday, August 5, 2022 following the publication of the figures for US labor market, las statistics Show and promote strong job creation Note,

The Euro was exchanged around 3:00 PM GMT USD 1,0172in front of USD 1,0196 in the last hours of Conversation european foreign exchange market of the previous day.

European Central Bank (ECB) Set the reference exchange rate for the euro USD 1,0233,

Strong job creation recorded in July United States of America (USA)more than five lakh Supports government’s arguments for new jobs Joe Biden on the strength of the labor market. With the measure, President A. refute the predictions of recession Feather first economy Of world.

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statistics are an argument for Reserve Federal (Fed) Continuing with its aggressive and rapid increase in interest rates.

The single currency was exchanged in a band of instability ENTRE USD 1,0142 y usd 1,0246,

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Posted by El Comercio on Friday, August 5, 2022

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