this euro Traded above par against the dollar, It reached its maximum level as of mid-August, with the determination of the European Central Bank (ECB) to further increase interest rates.
The euro was trading at $1,0126 around 15.00 GMT. Against $1,0052 in late European trade the foreign exchange market of the previous day
ECB Set the reference exchange rate for the euro at $1,0155.
Business this Mondayaa pushed interest rates higher, which is now 1.25%, after raising them last Thursday three-quarters, the largest increase in history.
Isabel Schnabel, member of the ECB’s executive committee, said they were waiting. The 2% medium-term target is to “further raise interest rates to levels that allow inflation to come back in time”.
Single currency changed A ripple band between $1,0062 and $1,095.