The Euro-to-Dollar rate is headed back to the bottom of its two month trading range over coming days if commentaries from foreign exchange strategists at some of Europe’s leading trading firms are anything to go by.
March 16,2018
The Euro dipped during mid-week trade when European Central Bank president Mario Draghi confirmed he was in no rush to change policy, providing further frustration for Euro bulls.
March 14,2018
“To us, the EUR looks ripe for consolidation versus the USD and looks primed to sell off on the crosses for several reasons” - CIBC Capital Markets.
March 13,2018
Uptrend remains intact at start of trading week despite pair being temporarily rangebound
March 12,2018
“An analysis of the flows driving the euro higher last year points to these being largely beyond the ECB’s control. First, there is Foreign Direct Investment (FDI) flows...Then we have equity flows.” - Deutsche Bank
March 9,2018
If the Euro-to-US Dollar rate can hold its current range through the volatile events of this week, its chances of going higher are enhanced.
March 8,2018
The Euro is likely to weaken due to persistently low inflation 'staying the ECB's hand' at their policy meeting on Thursday.
March 8,2018
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