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Euro hits 17-month low against dollar
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The value of the euro against the dollar today fell to the lowest level in the last 16 months, as investors increased their investments in the American currency after data on a significant increase in inflation in the United States of America.
According to data from the Forex exchange, the euro was sold for 1.11251 dollars at 2:30 p.m., reports Trading Economics.
The European currency falls to $1,1118 after the rebound in US inflation, which triggers the profitability of the debt and increases the pressure on the Federal Reserve to raise interest rates.
According to data from the Forex exchange, the euro was sold for 1.11251 dollars at 2:30 p.m., reports Trading Economics.
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