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The euro rises on the expectations of a trade agreement between the US and China

The euro rises on the expectations of a trade agreement between the US and China

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The euro rose today after China said negotiations with Washington move forward and maintained optimism that they will reach an agreement.

The single currency was changed at 16.15 GMT to $ 1,100, compared to $ 1,1088 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 $ 1.1094.

Having exceeded $ 1.11, the euro depreciated somewhat after the publication of good economic data from the United States (USA), such as the fall in the weekly number of applications for unemployment benefits and the trade deficit.

Applications for unemployment benefits fell last week in the US by 10,000, to 213,000, and the trade deficit dropped to $ 47.2 billion in October.

However, the entry of orders to German factories fell 0.4% in October compared to the previous month and 5.5% year-on-year, but had no impact on the exchange rate of the euro.

The fluctuation band of the euro against the dollar today ranged between 1.1078 and 1.105 dollars.

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