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Exchange rates: the euro slips to the last 20-year lows against the dollar

2022-07-05T09:40:58.372Z

The signs of a slowdown in the European economy, which would push the ECB to a less aggressive policy on rates, hit the euro on the markets, which ended at the lows of the last twenty years on the dollar. (HANDLE)



(ANSA) - ROME, JULY 05 - The signs of a slowdown in the European economy, which would push the ECB to a less aggressive policy on rates, hit the euro on the markets that are ending at the lowest of the last twenty years on the dollar.

The single currency thus falls by 0.9% to 1.0331, returning to the levels of December 2022. According to the operators quoted by Bloomberg, the central bank could raise rates in a range lower than last week's forecast.

The latest figures released by France and Germany weigh heavily, affected by the growth of inflation and war.

(HANDLE).


Source: ansa

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