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The euro persists in its downward streak

The euro persists in its downward streak

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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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