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The euro persists in its downward streak

The euro persists in its downward streak


The euro continued its downward streak today, for the second consecutive day and after opening the week in a bullish tone.

The single currency was changed at 4:00 p.m. GMT to $ 1,1117, compared to $ 1,1126 in the last hours of the European currency market trading on Monday.

The European Central Bank (ECB) set the reference exchange rate of the euro at $ 1,1117.

The news of the day, in terms of monetary policy, came from northern Europe, when the Central Bank of Sweden announced goodbye to negative interest, after five years below 0%.

Els Riksbanks will raise the reference interest to 0%, which means an increase of 25 basis points. Sweden thus becomes the first among the countries that, after leaving their rates negative, now returns to the 0% zone.

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