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  Euro rate rises to three-month high above $ 1.20 | News | Bit Updates
Home » bitcoin updates » Euro rate rises to three-month high above $ 1.20 | News

Euro rate rises to three-month high above $ 1.20 | News

Friday, December 29th, 2017 | bitcoin updates

The euro exchange rate continued to rise on Friday, defending US $ 1.20 in US trade. The price last stood at $ 1,2008. Previously, the single currency had risen to $ 1.2025, its highest level since September. The European Central Bank (ECB) had set the reference rate at 1.1993 (Thursday: 1.1934) dollars. The dollar had cost 0.8338 (0.8379) euros. The higher than expected in Germany inflation rate for December supported by the euro rate. On an annual average in 2017, the inflation rate reached its highest level in five years, at 1.8 percent. Positive impulses for the euro were also provided by current lending data in the eurozone. As a result, growth in lending to businesses and households accelerated in November.



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                         (Image: Gerd Altmann, Public Domain (Creative Commons CC0 1.0 Universal))