The euro fell against the dollar on Tuesday after the release of data showing that economic activity in the United States (US) advanced, in an environment of risk aversion due to geopolitical tensions.
At 6pm (Lisbon time), the euro was trading at 1.0678 dollars, while on Monday around the same time it was at 1.0706 dollars.
The European Central Bank (ECB) has set the reference exchange rate for the euro at 1.0664 dollars.
Economic data from the euro zone, which showed growth to a nine-month high in February, failed to boost the price of the single currency.
The market follows in anticipation of a further interest rate increase in the eurozone in March, which is expected to be 50 basis points, as reaffirmed last Wednesday by ECB President Christine Lagarde in the European Parliament.
Foreign exchange……………. today………….. friday
Euro/dollar…………1.0678………………1.0706
Euro/pound…………0.88012…………….0.88892
Euro/yen………….143.43………………143.15
Dollar/yen…………134.32………………133.71
