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The euro has been falling to the minimum for two months against the dollar

The euro has been falling to the minimum for two months against the dollar


The euro fell on Wednesday at its minimum value for two months against the dollar because the concern about the economic consequences of the coronavirus has generated a strong risk aversion and the purchase of dollars.

The single currency was changed around 16.15 GMT to $ 1,1001, compared to $ 1,1000 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 $ 1,1001.

Risk aversion by the coronavirus has increased the demand for currencies such as the yen and the greenback.

The Federal Reserve (Fed) is assembled and, predictably, will vote unanimously in favor of maintaining interest rates between 1.50 and 1.75%.

Consumer confidence has improved in Germany more than expected, while in the US the trade deficit of goods rose in December to 68.330 million dollars, figures also somewhat better than expected.

The fluctuation band of the euro against the dollar today ranged between 1.0992 and 1.1028 dollars.

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