FRANKFURT (dpa-AFX) – The euro continued to trade above $ 1.10 on Tuesday. In the morning, the common currency of the 19 euro countries costs $ 1.1030, roughly the same as the day before. The European Central Bank (ECB) had set the benchmark rate at $ 1.1031 on Monday afternoon.
On Tuesday, investors are likely to look at Mannheim's financial markets, among other places. There, the ZEW research institute publishes its monthly economic barometer. After a significant improvement from the previous month, but from a low level, analysts now expect a slight slowdown. The outlook for the German export-oriented economy remains bleak because of the many trade conflicts.
Investors should also keep an eye on the many speeches made by leading central bankers. Especially in the US, where the next interest rate decision is expected to take place in late October, some central bankers are turning to the public. Other rate cut The US Federal Reserve is considered well in the financial markets, but not as a foregone conclusion./bgf/mis