Current exchange rate – Euro at 1.0956, the highest level since January

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The euro continued to rise on Friday, rising to its highest level in almost two months. Overnight, the European common currency rose to US$1.0956, the same as last seen in mid-January. In the morning the price was only slightly lower.

The European Central Bank (ECB) set the reference interest rate significantly lower on Thursday afternoon at 1.0895 (Wednesday: 1.0874) dollar. In New York, the euro was trading at $1.0949 around 9 p.m. on Thursday.

The euro recently benefited from a weaker US dollar. Added to this was the strength of the euro on Thursday: With no signs of rapid interest rate cuts in the European currency area, the euro exchange rate continued to rise.

Source: Krone

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