The euro has risen against the dollar due to possible changes in interest rates in the European Union. Photo: EFE
The Euro It rose this Monday, May 23, 2022, until it touched the level of USD 1.07, the highest in April a month earlier. The Get up Recorded after remarks by the President of the European Central Bank (ECB), Christine Lagarde.
The euro was trading at $ 1.0660 at 2:15 PM GMT, down from $ 1.0550 in late trading. Talk – talk European market Overseas transactions The day before. The ECB has set the euro exchange rate at USD 1.0659.
Prices vary, after Lagarde confirms that the financial entity will start Increase Types of Interest In July. In addition, he said that Eurozone Negative interest rates will exit at the third end Quarterly.
Lagarde wrote in a blog post on the ECB’s website on Monday that he expects the purchase Debt “The third quarter will end soon” (…) “This will allow us to raise interest rates at our meeting in July, in accordance with our guidelines.”
It is quite possible that the euro area will emerge from negative interest rates by the end of the third quarter, according to the ECB president. Business confidence has also increased Germany It airs in May Increase the price Euro.
Business confidence in Germany increased in May and showed no signs of it until the third week of May The economic downturn Despite the supply disruptions and the war in Ukraine.
The single currency traded in a trading band between 1.0557 and 1.0688.