FRANKFURT (dpa-AFX) – The euro started the new trading week a little weaker on Monday. In the morning, the common currency cost 1.1870 US dollars, a little less than on Friday evening. The European Central Bank (ECB) set the reference rate on Friday afternoon at $ 1.1872.
At the beginning of the week, the focus is on order data from German industry. The Federal Statistical Office announces figures for July. In addition, the consulting firm Sentix publishes its monthly economic barometer, which is determined among private and professional investors. Due to its early publication in the reporting month, it is regarded as a forerunner for other sentiment data such as the ZEW-Konjunkturerwartungen./bgf/stk
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