NEW YORK (dpa-AFX) – Shortly before the weekend, the euro exchange rate
hardly moved. The common currency was last traded at $1.0833 in New York, roughly in line with the late European currency trade. On Friday night, the euro hit its highest level since April 2022 at $1.0868. The European Central Bank set the reference rate at 1.0814 (Thursday: 1.0772) dollars. The dollar thus cost 0.9247 (0.9283) euros.
Traders spoke of profit-taking after the euro had recently risen significantly. A monthly survey by the University of Michigan on consumer sentiment in the US hardly moved the euro exchange rate. The consumer climate brightened up more in January than economists had expected
Copyright dpa-AFX business news GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.