The euro continues to fall and drops to $1.1899

Berlin.- The euro was trading at 1.1899 dollars this Friday, below the barrier of 1.1900 dollars, on a day marked by negative employment data in Germany, the largest European economy, with 3,085,000 unemployed, the highest figure since 2014. The community currency was trading around 4:00 PM GMT at 1.1899 dollars, compared to 1.1926 dollars the previous day.

For its part, The European Central Bank (ECB) set the reference exchange rate of the euro at 1.1919 dollars, slightly below the 1.1968 dollars of the previous day.

The euro fell below the 1.1900 dollar barrier on a day in which the German Federal Employment Agency (BA) reported that the number of unemployed in Europe’s largest economy increased in January by four tenths, or 177,000 people, to 3,085,000, bringing the unemployment rate to 6.6%.

The community currency continued its fall that began after Tuesday approached $1.21, a high since June 2021, although it later lost ground.

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Also appearing to weigh down the European currency against the greenback was the decision by US President Donald Trump to announce this Friday that he nominated US banker and economist Kevin Warsh to chair the Board of Governors of the Federal Reserve (Fed) to replace Jerome Powell. If confirmed by the Senate, Warsh will take the reins of a Fed burdened by doubts about its independence, after Trump insisted since his return to the White House in January 2025 that interest rates should fall more continuously and rapidly.