The euro held just above its lowest level in almost 20 years, marked the previous day, in early trading on Wednesday. The common currency was trading at $0.9895 in the morning after hitting its lowest level since late 2002 at $0.9864 on Tuesday. The European Central Bank (ECB) set the reference rate at $0.9928 on Tuesday afternoon.
In the middle of the week, investors pay attention, among other things, to production data from German industry. After Tuesday’s disappointing order figures, weak development is also expected for manufacturing. In the USA, the economic report from the US Federal Reserve is on the agenda for the evening. The “Beige Book” paints a picture of the economic development over the past few months.
