The euro is growing against the dollar: the decision of the Central Bank had an impact


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The euro strengthened against the dollar after the European Central Bank raised key interest rates by 50 basis points for the first time in 11 years.

Reported financial times, data Investment.

Thus, immediately after the announcement of the Central Bank’s decision, the euro rose to 1.027 per dollar. Later, quotations weakened and at 6:30 p.m. They fell to $1.02 in Kyiv time.

The yield on Germany’s 10-year Eurobond, the euro zone’s benchmark for borrowing costs, also rose sharply after the announcement, up 0.1 percentage point.

We remind you:

European Central Bank raised three key interest rates by 50 basis points for the first time in 11 years.

July 12 dollar and euro quotes in the global market smoothed out due to the risk of a recession in the euro area and a sharp increase in US base interest rates. The reason lies in the growing risk of a recession in the Eurozone termination Russian gas supplies to Europe and the widening gap between the US Fed and ECB discount rates.



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