This fall occurred following the determination of several members of the US Federal Reserve (Fed) to tighten monetary policy.
While the European economy suffers from the rise in energy prices, which will limit the room for maneuver of the European Central Bank and the Bank of England, the euro lost 0.3% to US$1.01, following having fallen au $s0.99, a level not seen since mid-July.
The euro is nearing its lowest level of the year at $0.99. If the single European currency falls below that threshold, it will reach a price not seen since 2002, when it came into circulation.
In USAalthough some financial managers had predicted that the Fed would reduce its rate of increases, several members of the institution insisted that the increase in rates would continue.
“The meeting of Jackson Hole (this weekend) will provide a new opportunity for the Fed to convince the market,” according to Ulrich Leuchtmann, an analyst at Commerzbank.
At this meeting of central bankers, the head of the Fed will speak on Friday.
