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The euro maintains the upward tone at the opening of the week

The euro maintains the upward tone at the opening of the week


The euro continued on Monday its upward trend marked since the end of last week for the electoral victory of British Prime Minister Boris Johnson and the announcement of truce in the commercial war that they have maintained for a year and a half USA and China.

The single currency was changed at 4:00 p.m. GMT to $ 1.1140, compared to $ 1,1135 in the last hours of the European currency market negotiation last Friday.

The European Central Bank (ECB) set the reference exchange rate of the euro at $ 1,1146.

The European currency thus remained in a positive tonic that was also reflected in the selective index of the Frankfurt Stock Exchange, which shot up this Monday until reaching mid-afternoon at 13,390 points, its highest level this year.

Johnson’s victory was received as a relief, as it at least brings some clarity about the UK’s exit from the EU, while the truce between the US and China calms tensions between the two giants.

The fluctuation band of the European currency against the US currency oscillated this Monday between the minimum of 1,1118 and the maximum of 1,1158 dollars.

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