The euro falls after some calm in the situation in the Middle East
The euro falls after some calm in the situation in the Middle East
The euro fell on Thursday a bit, despite the increase in industrial production in Germany in November, and after a day of some calm about the situation in the Middle East.
The single currency was changed around 16.30 GMT to $ 1,1101, compared to $ 1,1113 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 $ 1.1110.
It seems that there has been some relaxation in the US-Iran conflict after US President Donald Trump announced only new “powerful” sanctions against Iran and Vice President Mike Pence said Iran is betting on a reduction in hostilities .
Germany’s industrial production grew 1.1% in November compared to the previous month, while exports fell 2.3%, due to the reduction of inventories.
Despite the increase in industrial production in November in Germany, a fall is expected at the end of the year for the sixth consecutive quarter.
The fluctuation band of the euro against the dollar today ranged between 1.1092 and 1.1120 dollars.
