The Euro-to-Dollar rate enters the new week near two-month lows but with a bullish market looking for it to be resuscitated by a Democratic Party win in Tuesday's U.S. election, although the risk is that a surprise victory by President Donald Trump leads it to unravel anew.
November 1,2020
The Euro slumped to the bottom of the major currency league table on Friday, led by a retreating Euro-Dollar rate which fell alongside the S&P 500 and other stock indices in late noon trading as concerns about the coronavirus, European Central Bank (ECB) policy and U.S. election saw risk appetite evapourate.
October 30,2020
Euro exchange rates came under pressure after the European Central Bank communicated on Thursday that it was in the process of preparing additional stimulus to aid the Eurozone economy which was said to be facing renewed and significant challenges going into year-end.
October 29,2020
The Euro-to-Dollar exchange rate was in focus in midweek trade amidst news that the Eurozone's two largest economies were looking to introduce a 'lockdown lite' in order to stem the accelerating spread of covid-19.
October 28,2020
The Lira tumbled to new record lows Tuesday after a diplomatic spat with France further toxified an already poisonous environment that's got a threat of economic sanctions and ire over Turkey's interest rate policy threatening to push EUR/TRY and USD/TRY to 10.0 and 8.50 respectively.
October 27,2020
The Euro-Dollar rate remained within arms reach of September highs Tuesday despite a looming European Central Bank event that’s expected to it take aim at the Euro for its recent appreciation, but without a shock and awe stimulus there might be little policymakers can do to put a lid on the currency.
October 27,2020
The European Central Bank forms the highlight for the Euro exchange rate complex in the week ahead, with analysts at Barclays saying while policy makers will be comfortable with the recent sideways action in the currency they cannot afford to keep quiet.
October 26,2020
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