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Euro remains above $1.06 despite slight decline
The euro fell slightly against the dollar today, at the start of a week in which new data on inflation in the United States is being released.
© Reuters
Economia Câmbio
At 6 pm (Lisbon time), the euro was trading at 1.0648 dollars, when on Friday it traded at 1.0655 dollars and the European Central Bank (ECB) set the euro's official exchange rate at 1.0632 dollars.
This week, the March inflation figures for the United States of the PCE index are released, the most followed by the Federal Reserve (Fed) to assess price developments.
Last Tuesday, Jerome Powell, Fed chairman, said that "recent data (...) indicate that it will probably take longer than expected to achieve confidence" in inflation falling back to 2%.
The US central bank, which raised interest rates until July last year to curb inflation, runs the risk of having to wait longer before lowering them, to avoid a further increase in prices.
For its part, the Chinese central bank today announced that it will keep the reference interest rate at 3.45% for the ninth consecutive month, in line with analysts' expectations, who did not expect any change.
Today, the eurozone consumer confidence indicator was published, which in April stood at -14.7 compared to -14.9 in the previous month, below analysts' forecasts.
Read also: US and China agree to discuss "balanced economic growth" (Portuguese version)
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