Last week, the euro sold for 1.1465 US dollars, the lowest since July 2020.
So the single European currency is still under pressure. One week ago, the European Central Bank set the base exchange rate of the euro at 1.1558 US dollars per euro. The reason for such a significant weakening of this currency is new data on inflation, which swept the United States. According to the latest data, consumer prices there in October rose by 6.2 percent year on year, which was the largest increase in 31 years.