The Euro-to-Dollar exchange rate has eroded a key resistance on the charts as its recovery from earlier losses continues, aided by a glacial decline in the greenback and new highs for China’s Renminbi, while the hesitantly slow pace of the move is helping to cultivate more opportunities in neighbouring currencies.
May 26,2021
The Euro is unlikely to make a concerted break above current levels against the Dollar say strategists at TD Securities.
May 25,2021
The Euro-to-Dollar exchange rate entered the new week with a rally that could quickly see 2021 highs come into contention if the single currency succeeds in getting past the nearby 1.2240 level over the coming days, with upside risks if any commodity-inspired appreciation of the Renminbi materialises.
May 24,2021
The Euro-Dollar exchange rate was looking higher from the recently reclaimed 1.22 level on Friday after IHS Markit PMI surveys suggested that key continental industries returned to growth in May, effectively firing the starting pistol on an economic recovery that some analysts see taking the single currency to 1.25 this summer.
May 21,2021
The Euro has risen back above the 1.22 mark against the Dollar amidst an ongoing short-term rebound and the prospect of fresh 2021 highs look tantalisingly close for those bulls betting on further appreciation.
May 21,2021
The Bank of America European Fund Manager Survey - a closely watched indicator of investor sentiment - shows expectations for further gains in Eurozone assets although inflation fears are growing.
May 19,2021
The Euro-Dollar exchange rate came close to turning a page on months of declines and lacklustre performance on Tuesday when it attempted to overcome February 2021 highs on the charts, above which the single currency would then have its year-to-date peak of 1.2349 in the crosshairs.
May 18,2021
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