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The euro fell sharply against the dollar

The euro fell sharply against the dollar

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Erik Holm - Head of media

The US dollar remains in demand on the market, but the euro got a lot on Friday, as investors are worried about the low growth of the eurozone. 

The dollar also underpinned a statement by the US Federal Reserve on Thursday that ahead of schedule, it would reduce the volume of open market operations, which would limit liquidity in the US markets. 

At 8:00 GMT the EURO/USD pair was trading at 1.0842, dropping to 1.08228 overnight, the lowest level since April 2017. The US dollar index, which monitors the movement of the green currency against a basket of six other currencies, was 98.957, against only outside the parameters that it had not reached for more than two years. GBP/USD was trading at around 1.2058 relatively calmly.