EUR/USD Ticks Down as German Unemployment Rises
The Euro US Dollar (EUR/USD) exchange rate is drifting lower today, as data showed a rise in German unemployment.
Source: euroexchangeratenews.co.uk
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The Euro US Dollar (EUR/USD) exchange rate is drifting lower today, as data showed a rise in German unemployment.
Forex traders said foreign fund outflows and dollar demand from importers weighed on investor sentiments.
On Dec 29, the local unit appreciated 4 paise to settle at 83.16 against the American currency on the last trading day of 2023
On December 28, the domestic unit settled 14 paise higher at 83.20 against the American currency
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.13 per cent at 101.36 on Friday.