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Portugal Pulse: Portugal News / Expats Community / Turorial / Listing

Euro falls but remains at 1.16 dollars

At 6:00 PM (Lisbon time), the euro was at 1.1650 dollars, compared to 1.1671 dollars at the same time last Friday.

The euro also depreciated against the pound but rose compared to the yen.

The European Central Bank (ECB) set the euro’s reference exchange rate at 1.1655 dollars.

The downgrade of France’s credit rating reduced risk appetite in this session, though signs of eased trade tensions between the U.S. and China have calmed markets.

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