The dollar stabilized to the euro after growth to maximum 5 months

The dollar stabilized to the euro on Thursday after growth to a five -month maximum following trading results on Wednesday on the news about the further activation of the American economy. The euro to the dollar amounted to 1.193 dollars per euro on Thursday morning after a fall to 1.1870 dollars the day before. The reached course became the lowest since November 26, 2003.

The tendency to restore the dollar, which survived a decrease earlier this year, was outlined last week after a message on Friday on the strengthening of the US labor market, Reuters notes.

The dollar continued to grow after the publication of information about the growth of retail sales in America in March and reduce the shortage of trade balance.

According to traders, these signs of strengthening the US economy suggest that the federal reserve system can soon tighten the monetary policy by increasing the interest rate, and these expectations contribute to the growth of the American currency course.