The Euro to Dollar exchange rate entered the new week on the front foot near two-month highs but was quick to lose momentum and could now be at risk of slipping further back to the round number of 1.08 or below if Asia Pacific currencies weaken if U.S. economic data leads the greenback to strengthen afresh.
July 3,2023
The Euro to Dollar exchange rate retreated to a low of 1.0880 after Federal Reserve chair Jerome Powell hinted at more than one additional hike, says Charalampos Pissouros, Senior Investment Analyst at XM.com.
June 29,2023
The European Central Bank (ECB) will be hoping Italy's inflation undershoot in June is a sign of things to come and that the likes of Germany and France will follow suit on Thursday and Friday.
June 28,2023
The Euro is set to extend a rally against the Dollar through the second half of this year says a new strategy note from investment bank Nomura which argues the worst might have already passed for the Eurozone economic data pulse.
June 27,2023
The Euro to Dollar exchange rate has held near June highs in recent trade but inflation figures out on both sides of the Atlantic this Friday will be key to whether the single currency remains well supported over the coming weeks or if it sets a course for a return toward 1.07 or below.
June 26,2023
EURUSD was under notable pressure ahead of the weekend following the release of economic survey data that one economist described as "dreadful".
June 23,2023
Chair Powell will have another opportunity to convince investors about the Fed’s intentions.
June 21,2023
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