The euro was trading above par against the dollar for the first time since September 20, after the publication on Tuesday of indicators that put downward pressure on the dollar.
At around 8:47 am in Lisbon, the euro was trading at $1.0023, after closing at $0.9954 on Tuesday.
On Tuesday, the euro had already approached parity against the dollar, after the publication of the fall in house prices in the United States in August and consumer confidence in October, figures that put downward pressure on the dollar .
The euro benefited from the stabilization of German business confidence in October as a much larger decline was expected.
US house prices fell 1.3% in August from the previous month as mortgage rates rose.
Markets await the ECB meeting, where they expect the Council to decide to raise interest rates by 75 basis points (they are now at 1.25%) to contain inflation of almost 10% in the eurozone.
Source: TSF
