The Euro-to-Dollar exchange rate has wrestled back the 1.19 handle in an effort to draw a line under the Dollar's June rally, although evolving central bank policies on each side of the Atlantic risk making any further recovery by the single currency a stiflingly slow affair.
June 29,2021
The Euro is tipped to enter a 'bear trend' against the Dollar in the second half of the year by foreign exchange strategists at French investment bank BNP Paribas, although those holding euros will take heart from Eurozone consumer confidence that is approach record highs.
June 22,2021
The Euro-Dollar exchange rate is entering a thicket of noteworthy technical support levels, which could enable the single currency to stabilise at or above the 1.1825 level over the coming days after enduring its bloodiest week since March 2020.
June 21,2021
Levels below 1.30 in the Euro-to-Dollar exchange rate (EUR/USD) are said to be justified by foreign exchange analysts at Germany's Commerzbank, although they add moves below 1.18 would not be.
June 18,2021
Foreign exchange analysts are backing further Dollar strength in the wake of the U.S. Federal Reserve meeting, but the Euro-Dollar exchange rate's dip below 1.20 could ease selling pressures as bargain hunters return to the market.
June 17,2021
Wednesday's Federal Reserve event presents the highlight of the week for the foreign exchange market with the outcome potentially setting the tone for currency markets over coming weeks.
June 16,2021
The Euro-to-Dollar exchange rate has dug in its heels above 1.21 in recent days while benefiting from a double-barrelled and nearby technical support on the charts, although its path higher is overshadowed this week by risks stemming from Federal Reserve (Fed) monetary policy.
June 15,2021
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