Euro fell against the dollar after the release of economic data

The euro fell against the dollar in trading today, Thursday, and this happened after the release of economic data from the eurozone, as the business activity index (PMI) showed a decrease in industrial production.

By 12:28 Moscow time, the rate of the single European currency “euro” fell by 0.21% to $1.0033. For comparison, the European currency closed yesterday’s trading at $1.0057.

The decline came after data showed a decline in the eurozone manufacturing business activity index (PMI), with the index falling to its lowest level in two years at 49.6, according to the final estimate.

Trading also showed that the exchange rate of the dollar against the Japanese yen rose to 139.20 yen from 138.96 yen, bringing the exchange rate of the Japanese currency against the US closer to 1998 levels. The dollar index, which measures the US exchange rate currency against a basket of major currencies, rose by 0.18% to 108.89 points.

Source: Prime

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