The Euro reversed its earlier course and drifted lower on Tuesday as the Dollar rebounded from its previous slump but the exchange rate is still being tipped as a sell by strategists at TD Securities, who say the single currency is likley to suffer as fears for the global economy rise.
August 7,2019
Although the recent pull-back in EUR/USD is quite sharp and could be the start of a reversal, it is yet to follow evolve and the overarching downtrend has the upper-hand.
August 4,2019
The Euro-to-Dollar exchange rate is likely to rise eventually because it is undervalued, says Thanos Vamvakidis, head of G10 FX at Bank of America Merrill Lynch, despite complex cross-currents muddying the outlook for the pair.
August 2,2019
The Euro fell to a fresh two-year low against the Dollar Thursday and is tipped to suffer further losses now the Federal Reserve (Fed) has breathed new life into the greenback by suggesting it might not cut U.S. interest rates this year as much as the markets were anticipating.
August 1,2019
The Euro was on its back foot again Wednesday as financial markets responded to the latest growth and inflation figures from the Eurozone, which have all-but confirmed the European Central Bank (ECB) will likely feel compelled to cut interest rates and restart its quantitative easing (QE) program over the coming months.
July 31,2019
The Euro was trading a fraction higher Monday and could go on to reclaim more ground previously lost to the Dollar this week if the Federal Reserve (Fed) cuts its interest rate Wednesday but these gains won't last, according to analysts at Nordea Markets and J.P. Morgan.
July 29,2019
Studies suggest the EUR/USD exchange rate has resumed its downtrend and is at risk of further weakness in the week to come.
July 28,2019
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