The euro was trading around 0950 GMT at $1,0302. $1.0433 at closing hours of European trade the foreign exchange market of the previous day
economic growth in the euro area Slowing to a sixteen-month low in June, According to S&P Global (formerly IHS Markit).
The final composite index for aggregate activity in the euro area, manufacturing sector and services was 52 points (54.8 points in May). at least sixteen months.
“ANDthe manufacturing sector is already in contraction, According to S&P Global, it’s the first time in two years and the service sector has suffered a significant loss of growth momentum amid the cost of living crisis.”
The euro was replaced on a band. narrow volatility on Monday,It’s around $1,0450 because there was a lack of impulse from the US as markets were closed for the Independence Day celebrations.
Luis de Guindos, Vice President of the European Central Bank (ECB)It predicts a quarter-point increase in interest rates in the euro area in July.
Other members of the Board of Directors also evaluated this. A quarter point hike is appropriate, so the market price is at a low coin price increase.
euro By noon, between $1.0299 and $1.0448 were paid.
Source: Informacion
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