The Euro to Dollar exchange rate was hobbled below 1.10 in early trade after Euro Area growth figures underwhelmed economist expectations just hours out from the release of the latest U.S. inflation figures, which could be key to whether or not the Federal Reserve (Fed) raises its interest rate next week.
April 28,2023
EUR/USD has peaked and will likely trend lower over a three-month horizon, before rebounding strongly over the 12-month horizon.
April 28,2023
EUR/USD hit 1.1095 in midweek trade meaning dollar buyers holding euros were looking at their best exchange rate in over a year.
April 27,2023
The Euro to Dollar exchange rate has held onto the bulk of its April gains in recent trade but could further them this week if congressional drama related to the U.S. debt ceiling topples the greenback or if European Central Bank (ECB) policymakers receive a hawkish shock from the local economic data.
April 24,2023
The message from the April PMIs is clear: the Eurozone economy is rallying back in a strong fashion thanks to a rebound in the bloc's services sector.
April 21,2023
The Euro to Dollar exchange rate (EUR/USD) is forecast higher at HSBC with analysts saying their conviction has been cemented by the most recent set of Balance of Payment (BoP) figures from the Eurozone.
April 20,2023
UniCredit Bank forecasts further Euro gains against the Dollar that will bring new year-to-date highs above 1.10.
April 18,2023
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