The Euro-Dollar exchange rate ended last week with a steamrolling rally alongside the safe-haven Swiss Franc and Japanese Yen but could struggle for further traction over the coming days if global markets stabilise and as coronavirus related risks mount on the European continent.
November 29,2021
“Pre-existing economic and geopolitical backdrop heading into the Nu variant, the balance of risks over the next 1-2M, and the potential for a shift to 'phase 2' in the USD, should eventually open the door to selling opportunities in EURUSD spot” - BMO Capital.
November 26,2021
EUR/USD pressuring support at 1.1292, 1.1248 and risks unravelling to 1.10 without a USD retreat.
November 22,2021
The latest forecasts from Barclays suggest current lows could have been the single currency’s nadir.
November 18,2021
Germany's coronavirus situation was on Wednesday described as "dramatic" by Chancellor Angela Merkel, raising expectations that further societal curbs to control the virus could be introduced.
November 17,2021
The Euro to Dollar exchange rate has resumed a "broad based" bear market shows analysis from private Swiss bank and wealth manager Julius Baer.
November 16,2021
The Euro to Dollar rate sustained its largest decline since late September last week, breaking a major technical support level while placing another near 1.1425 under pressure along the way.
November 15,2021
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