The Euro to Dollar exchange rate has run aground following a month-long rally and might now consolidate its recent gains this week but with prospective dip buyers already queueing in the wings, the single currency could also find itself well supported when near and below the 1.08 handle up ahead.
April 17,2023
European inflation is in retreat and the core inflation rate is on the cusp of a protracted retrenchment that would invite financial markets to position for an eventual series of European Central Bank (ECB) interest rate cuts and which could take the wind from the sails of the Euro, according to BCA Research.
April 17,2023
The Euro to Dollar exchange rate unwound some of its earlier gains in the final session of the week when poor U.S. retail sales figures were followed by remarks from Governor Christopher Waller suggesting the Federal Reserve (Fed) interest rate could rise further over the coming months.
April 17,2023
The euro is extending its gains today, climbing to a fresh one-year high of $1.1075.
April 14,2023
The U.S. dollar extended its slide against all the other major currencies yesterday after the March CPI data revealed that headline inflation in the US slowed by more than anticipated.
April 13,2023
Stock index futures and crude oil also jumped. The EUR/USD neared 1.10.
April 12,2023
The U.S. dollar traded lower against almost all the other major currencies on Tuesday and continued to underperform on Wednesday as well.
April 12,2023
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