The euro has barely moved on Friday in US trading. The common currency was close to the weekend in a narrow range around the mark of $ 1.23. Last one euro cost $ 1,2298. The European Central Bank (ECB) had previously set the benchmark at 1.2299 (Thursday: $ 1.2276). The dollar had cost 0.8131 (0.8146) euros.
The trade between the dollar and the euro was at last volatile and without a clear direction. Investors have taken a wait-and-see attitude. The new chairman of the US Federal Reserve, Jerome Powell, will make his first big appearance next Tuesday before the congress. Market observers hope to see what the future monetary policy of the Fed will be under Powell. The majority of experts, however, assume that Powell will continue the line of its predecessor Janet Yellen and increases the interest rates gradually. The next rate hike is expected in mid-March.