The euro continued to trade above $1.09 on Tuesday.
In the morning, the cost of the single currency, the euro, amounted to $1.0935, slightly higher than the previous night. The European Central Bank (ECB) set the reference rate at $1.0926 on Monday afternoon.
On Tuesday, financial markets' attention will turn to the United States. New inflation data will be published there in the early afternoon. Importance to the United StatesMonetary policy High because the central bank, the Federal Reserve, is moving toward easing its tight monetary policy due to low inflation. However, the timing and extent are uncertain. In recent weeks, senior central bankers have repeatedly stressed the need to first have confidence in the sustainability of low inflation.
/bgf/tih
Frankfurt (dpa-AFX)
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Sylvia Plath writes for Social Post News, covering news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, emerging trends, and stories that matter.
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