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The euro falls despite the publication of positive data from the German economy

The euro falls despite the publication of positive data from the German economy

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The euro fell on Friday despite the publication of positive data from the German manufacturing sector, which were better than expected and signal a recovery.

The single currency was changed around 4:00 p.m. GMT to $ 1,1025, compared to $ 1,1043 in the last hours of the European trading of the foreign exchange market of the previous day.

The European Central Bank (ECB) today set the reference exchange rate of the euro at $ 1.1035.

The dollar is appreciated for investors’ risk aversion and the search for safe assets considered refuge due to fear of a coronavirus pandemic and its economic consequences.

Euro sales intensified on Thursday after ECB President Christine Lagarde said risks remain low for growth.

The fluctuation band of the euro against the dollar today ranged between 1.1023 and 1.1062 dollars.

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