The natural gas crisis pushed the euro below the $0.99 mark for the first time in almost 20 years. On Monday morning, the common currency had temporarily fallen to $ 0.9878. This is the lowest level since December 2002. By mid-afternoon, the euro had recovered somewhat and was trading at $0.9927. The European Central Bank set the reference rate at 0.9920 (Friday: 0.9993) dollars. The dollar thus cost 1.0081 (1.0007) euros.
In July, the euro fell below par with the US dollar for the first time in two decades. This means a one-to-one exchange ratio. Such marks have great symbolic power on the financial markets.
Economic data once again painted a gloomy picture for the euro zone. The purchasing managers' indices of S
For other important currencies, the ECB set the reference rates for one euro at 0.86358 (0.86478) British pounds, 139.47 (140.36) Japanese yen and 0.9747 (0.9839) Swiss francs. A troy ounce of gold was trading at $1,711 in London this afternoon. That was about a dollar less than on Friday.