The Euro-to-Dollar exchange rate retains a pathway back toward 2021 highs at the opening of the new week after recovering vigorously from a swift and seemingly decisive setback dealt to it by the U.S. Dollar and bond market in recent days, although getting back to those levels may be a slow burning affair.
May 17,2021
Foreign exchange analysts at JP Morgan have shifted their stance on the U.S. Dollar and say their expectation for appreciation is being moderated, prompting an upgrade for the Euro against the Dollar.
May 14,2021
The Euro-to-Dollar exchange rate recovery from its latest declines could be a slow burning affair if instability in global markets prevents investors from letting go of the greenback, although the single currency had already stepped foot back onto dry land Thursday after finding support around 1.2050.
May 13,2021
The U.S. Dollar rebound should be sold into over the coming days, according to analysts at Commonwealth Bank of Australia, who’re advocating that investors take advantage of the resulting buying opportunities in commodity currencies while insight from Capital Economics suggests that U.S. inflation may already have peaked.
May 13,2021
The Euro-to-Dollar exchange rate was an outperformer alongside a handful of other European currencies on Wednesday amid further declines by the Dollar and after the latest ZEW survey confirmed investors are increasingly confident in the Eurozone’s recovery prospects.
May 11,2021
The Euro-to-Dollar exchange rate entered the new week near its late February highs but could reclaim further lost ground over the coming days now that the global economy is showing signs of shifting into a higher gear and the market has blinked in an attempted stare down of the Federal Reserve.
May 10,2021
The Lira was stable but underperforming other emerging market currencies on Thursday after the Turkish central bank said its cash rate is likely to remain at 19% until a “significant fall” in inflation has been achieved, leaving the Turkish currency at the beck and call of global bond markets.
May 6,2021
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