The euro continues to fall due to the caution of investors

©Reuters. The euro continues to fall due to the caution of investors

Frankfurt (Germany), Feb 21 (.).- The euro has maintained its downward trend this Monday and has changed below 1.1350 dollars due to the caution of investors as tensions between Russia and Russia have intensified. and Ukraine.

The euro was trading at $1.1340 as of 4:15 p.m. GMT, versus $1.1331 in late European forex trading the previous day.

The European Central Bank (ECB) set the reference exchange rate for the euro at 1.1338 dollars.

There was a lack of impulses because the markets were closed in the US for being a holiday to celebrate Presidents’ Day.

Prices rise at a record rate as euro zone economic growth picks up in February, according to IHS Markit.

Its flash of the composite index of the total activity of the euro area, the manufacturing sector and the services sector, stood at 55.8 points (52.3 points in January), registering its maximum in the last five months.

“Expansion intensified especially in the services sector, although the manufacturing sector also indicated better output growth due to rising demand and less supply difficulties,” adds IHS Markit.

The single currency was traded in a trading band between 1.1313 and 1.1391.

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