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The euro rises driven by economic figures from Germany

The euro rises driven by economic figures from Germany


The euro appreciated on Monday driven by the rise in German exports in October, although a fall was expected, and after having depreciated on Friday after knowing the figures of job creation in the USA.

The single currency was changed around 16.15 GMT to $ 1.1073, compared to $ 1.1050 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 $ 1.1075.

In October, Germany exported goods and services worth 119,500 million euros, 1.9% less in year-on-year terms, and 1.2% more than in September, according to provisional data released today by the Federal Statistical Office (Destatis ).

In addition, investment confidence in the euro area has improved markedly in December, to the maximum value since March 2018, according to Sentix figures.

The fluctuation band of the euro against the dollar today ranged between 1.1053 and 1.1078 dollars.

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