Foreign exchange: Euro rate holds high

AtlantisFX | The euro rate has reasonably maintained its high level following the recent climb on Wednesday. In the New York trade, the common currency last cost $ 1,1368. The European Central Bank (ECB) had previously set the reference price at $ 1.1362 and the dollar thus cost 0.8801 (0.8781) euros.

Recently, the euro had risen above $ 1.14, making it as strong as it had over three months ago. He is currently supported by the weakness of the dollar because of the expected interest rate cuts in the United States. US Federal Reserve Chairman Jerome Powell had confirmed his willingness to cut interest rates again on Tuesday.


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