Euro Stability and US Real Estate Impact on Currency Trading – Stay Informed with the Latest Updates

Euro Stability and US Real Estate Impact on Currency Trading – Stay Informed with the Latest Updates

2024-03-25 19:37:00

The euro barely moved in late US currency trading on Monday.

The common currency, the euro, was most recently quoted at 1.0839 US dollars, roughly at the level of the late European currency business. The European Central Bank had previously set the reference rate at 1.0835 (Friday: 1.0823) dollars. The dollar therefore cost 0.9229 (0.9239) euros.

Data from the US real estate market weighed on the dollar a little. Sales of new homes fell unexpectedly in February. The real estate market can also impact private consumption. The US Federal Reserve Bank is therefore monitoring developments closely.

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#euro #remains #stable #dollar

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