The Euro-to-Dollar exchange rate was in the ascendancy alongside perceived safe-haven currencies on Tuesday as global stock markets appeared to follow Chinese indices lower and recently popular currency trades went tentatively into reverse.
July 27,2021
The Euro has weathered recent market turbulence better than many other currencies but may see its resilience tested again this week by the Federal Reserve (Fed), which dominates the currency market agenda ahead of Friday’s eagerly-awaited Eurozone GDP data for last quarter.
July 26,2021
The Euro-to-Dollar exchange rate’s ongoing resilience has divided opinion among analysts as the market’s attention shifts toward July’s policy decision from the Federal Reserve (Fed), which is the next test of whether the single currency can continue to defy the gravitational pull of the greenback.
July 23,2021
The Euro-Dollar rate saw only a tepid rebound on Thursday as the Euro lagged other comparable currencies in capitalising on widespread declines by Dollar following new ‘dovish’ guidance from the European Central Bank (ECB), which confirmed that an age of near-zero interest rates continues to loom over the path ahead for the Eurozone.
July 22,2021
The Euro-to-Dollar exchange rate outlook hangs in the balance ahead of Thursday’s all-important policy update from the European Central Bank, which is pivotal to whether the single currency can sustain itself above nearby support at 1.1777, or if it succumbs to a steadily advancing greenback.
July 19,2021
Strategists at CIBC Capital Markets are targeting a continuation in the decline of the Euro-to-Dollar exchange rate (EUR/USD), saying fundamentals continue to favour the Greenback.
July 16,2021
The Euro-to-Dollar exchange rate was ebbing from levels above 1.18 in the penultimate session of the week but is likely to probe below there over the coming days, and could see levels as low as 1.1705, according to new targets from Credit Suisse.
July 15,2021
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