The Euro remained one of the better performing major currencies this week even after October's European Central Bank (ECB) decision prompted the market to perhaps mistakenly adjust its expectations for interest rates lower.
October 28,2022
Today we get the ECB decision, and another 75bps hike is expected…. so, what are the charts saying ahead of this? EUR/USD has already broken above its 2022 downtrend and back above parity and did so with a decent rally.
October 27,2022
Danske Bank lowers its forecast profile for EUR/USD saying the U.S. Dollar is yet to hit new highs and the Eurozone's trade shock is likely to persist.
October 18,2022
The Euro did better than many others even as it fell to an October low against the Dollar after official data showed U.S. inflation accelerating further in September, inciting a sharp rally in government bond yields and bringing Federal Reserve (Fed) interest rate policy back into focus for the market.
October 14,2022
HSBC has advocated a lower Euro trend for over a year and does not believe it is set to reverse yet.
October 11,2022
The Euro to Dollar exchange rate entered the new week on the back foot in a bearish market and may be at risk of falling back near to its late September lows in the days ahead unless data emerging from the U.S. economic calendar or some other factor is able to stall the ongoing rally in U.S. exchange rates.
October 10,2022
The Euro was lower alongside suggestions the Eurozone is now facing "catastrophic conditions" amidst an energy crisis and recent escalations in the Ukraine war.
October 10,2022
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