The euro exchange rate moved little on Friday and stagnated at $ 1.7771. “The prospect of a continued glut of money from the European Central Bank (ECB) is troubling the euro,” said traders. Larger losses prevented better-than-expected economic data for Germany. “Despite delivery bottlenecks and the ongoing corona risk, the German economy is growing at a record pace. It was” still in the fast lane “in July, said economist Phil Smith on Friday about the survey results of his institute IHS Markit among hundreds of companies The private sector rose in the current month by 2.4 to 62.5 points – the highest value since the statistics began in 1998. The barometer already signals growth from 50. The economists had only expected a slight increase to 60.8 points The Corona crisis is thus a little stronger than expected, which is also noticeable in the euro zone as a whole. This was mainly due to the German service providers, who are benefiting from the removal of most of the Corona restrictions. 7 points to a record high of 62.2 points, while the one for industry rose by 0.4 to 65.6 points.
Oil prices fell slightly. In the evening, a barrel (159 liters) of North Sea Brent cost $ 73.72. That was 0.1 percent less than the day before. After significant price reductions at the beginning of the week and surcharges over the course of the week, oil prices are currently roughly where they were a week ago. At the same time, they are well below their multi-year highs reached at the beginning of July.
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