Euro slumps to two-year low compared to dollar

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The euro has lost its minimum value for two years this Thursday. $1.08After the soft tone of Christine Lagarde, head of the European Central Bank (ECB).

The euro was exchanged around 15.00 GMT. $1.0770Compared to $1.0846 in late European forex trading the previous day.

ECB determined reference change The euro is 1.0878 dollars.

Due to the sharp rise in inflation, the ECB Governing Council, debt purchases in the third quarter of the year.

But Lagarde refused to say what month it was, or gave more. marks When will interest rates start to rise?

The ECB has reiterated that it will and will raise interest rates sometime after borrowing ends. gradually.

Sales retail trade 0.5 percent of the United States grew two-tenths more in March than the previous month, and its value rose 6.9 percent in a year.

weekly number unemployment benefits applications In the United States, it rose from 167,000 the previous week to 185,000 last week.

This single currency It traded in a volatility band between 1.0757 and 1.0924.

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