TELETRADER News
8/19, 10:31 AM (Source: TeleTrader)
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Euro falls against dollar to one-month low

The euro declined against the United States dollar on Friday, reaching its lowest value in a month to $1.00699, continuing in this way a downtrend that started a day after the publication of the minutes of the Federal Open Market Committee (FOMC) meeting.

Presumably, market participants are reacting to the fact that Federal Reserve policymakers may continue to raise interest rates to cool inflation. On the other side, the dollar index, which monitors the currency against a six-currency basket, reached earlier its highest value since July 17 at $107.7498.

The euro traded 0.08% lower than the dollar at 10:24 am CET, selling for $1.00797.

Baha Breaking News (BBN) / JG