The Euro-to-Dollar exchange rate came under renewed pressure at the start of the week, with Eurozone economic data prompting the pair to fall below the psychologically significant 1.10 level and some foreign exchange strategists are looking for further downside to emerge for the pair.
September 23,2019
The Euro came under selling pressure at the start of a new week following the release of fresh data from the Eurozone's largest economy that suggested an ongoing slump could be worsening, and the prospect for a turnaround in fortunes remains elusive.
September 23,2019
The pair may have formed a double-bottom reversal pattern at the beginning of September, which could be a bullish indication, suggesting more upside on the horizon.
September 22,2019
The U.S. Dollar is forecast to remain well supported against the Euro, with the latest driver of strength being an apparent shortage of the currency in global markets.
September 19,2019
The Euro rebounded sharply out of an earlier trough Tuesday but is set to reach a new multi-year low before year-end, according to strategists at Rabobank and UBS, who say European Central Bank (ECB interest rate policy, a weak Eurozone economy and the U.S.-China trade war are all set to weigh on the single currency.
September 18,2019
The current easing in trade tensions and rebound in risk appetite may not last if President Donald Trump stirs up trade trouble in order to persuade the Federal Reserve (Fed) to lower interest rates, according to Royal London Asset Management.
September 16,2019
The Euro-to-Dollar rate is set to begin trading around 1.1072 at the beginning of the new week after closing the previous one around 0.43% higher on Friday, although studies of the charts are suggesting the short-term trend will be a sideways one.
September 15,2019
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