The euro rose above the “psychological mark” after the DPRK missile launches

The euro exchange rate on August 29 exceeded $ 1.2, this happened for the first time since 2015, Interfax reports.

According to the agency, the cost of the European currency rose above the “psychologically important mark” against the background of the consequences of the Harvey hurricane in the United States and the situation around the DPRK.

By 10:10 Moscow time, one euro traded for $ 1.2025. Interfax adds that the EU currency is a third session in a row. Investors buy it, among other things, waiting for a meeting of the European Central Bank, where they can announce a revision of monetary policy towards toughening, the agency writes.

Strategist Banco Santander SA Stuart Bennett, in a conversation with Bloomberg, noticed that the euro is getting more expensive because "the dollar is not a shelter from the North Korean factor."

Traiders, writes the publication, are waiting for $ 1.2167, which will show that the euro has reduced the fall by 2014 by 50%.

North Korea on the night of August 29 launched a ballistic missile, which flew 2700 kilometers, passing over the northern part of Japan. The rocket fell into the sea in the Hokkaido area. Prior to this, on August 26, the DPRK launched several missiles towards the Japanese islands, all of them fell into the Sea of ​​Japan.

Hurricane "Harvey" in the morning of August 26 reached the coast of Texas. Due to the flood, ten people were killed , the damage from the cyclone is previously estimated at $ 30 billion.