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Currency: The euro is stable against the US dollar

30/05/2022
Categories: Economy/Forex

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The euro remained stable last Friday after a week of gains. The European currency is benefitting from the prospect of a tightening of monetary policy by the European Central Bank (ECB), which has allowed it to reach a peak in a month.

Around 18:30 GMT, the euro remained stable (-0.03% to $1.0722) after climbing to 1.0765 dollars, a peak since the end of April. The Dollar Index, which measures the value of the dollar against a basket of other major currencies, dropped 0.06% at 101.76 points. In particular, the minutes of the last Fed meeting revealed that the hypothesis of a 0.75 percentage point increase in key rates was not currently under consideration. In addition, cryptocurrencies remained in trouble: Bitcoin fell by 3.44% to 28,423 dollars. Bitcoin fell 3.44% to 28,423 dollars.

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