The single currency weakened again and remained around $1.14. The decline came in a session in which oil continued its downward trend.

The exchange rate reflects the value of the euro against the dollar and is closely watched by companies with international operations, investors and travellers. The report links the currency’s movement to the fall in oil prices recorded during the session.

Exchange rate fluctuations can affect the cost of imports and the conversion of revenue earned in other currencies. The $1.14 level serves as a reference point for the session and may change with new economic data and market movements.

Read the latest foreign exchange updates and follow the euro–dollar rate.