The euro falls against the dollar


The euro falls against the dollar

The euro began Friday its fifth consecutive session of decline against the dollar, falling to a low in one month, disadvantaged by political uncertainties and forecasts of monetary easing.

The euro lost 0.12% against the greenback, to 1.1043 dollar. In the morning, it fell to 1.1033, a level most seen since early August.

On Thursday, Dutch bank governor Klaas Knot said the eurozone economy was not weak enough to justify a pickup in debt purchases.

→ See also: Foreign exchange rate against the dirham

The future President of the ECB Christine Lagarde has unveiled his intentions by saying that he wants to maintain the broad support of the euro zone economy of the Italian Mario Draghi, despite the criticism it provokes.

An accommodating monetary policy makes the euro less profitable and therefore less attractive for traders.

On the other hand, the spokesman of the Chinese Ministry of Commerce has made a gesture of appeasement by suggesting that the authorities may not respond to the latest US customs surcharges, which has somewhat reassured markets.

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