Euro rate rises in US trade towards $ 1.22

The euro has risen further in US trade and is currently in the direction of $ 1.22. About an hour before the closing bell on the stock market on Wall Street, the common currency was traded on Friday at $ 1.2182. That was the highest level since the end of 2014, that is, for around three years. The European Central Bank (ECB) had set the reference price at 1.2137 (Thursday: 1.2017) dollars.

The strong price rise was triggered by the agreement of the leaders of the CDU, CSU and SPD to recommend their parties to start official coalition negotiations. A government formation in the largest economy of the Eurozone, which has been led by a managing government since the autumn general election, is a bit more likely.