The Euro-to-Dollar exchange rate remains susceptible to short-term losses, especially in the event of a surprise victory by President Donald Trump in November’s election, but Credit Agricole CIB has told clients these declines should be used to implement a “buy on the dip” strategy.
October 1,2020
The Euro-to-Dollar exchange rate closed its worst week since April on Friday but risks being carried lower still as the first U.S. election debate, a resurgent coronavirus and series of European Central Bank (ECB) speeches test investors’ confidence in earlier wagers on the single currency
September 27,2020
The Euro retreated further from a resurgent Dollar on Thursday after the influential Ifo index missed expectations and is once again the subject of bearish wagers after topping out at more-than two year highs in early September and breaking beneath an important technical support level.
September 25,2020
Foreign exchange strategists at Credit Suisse have retreated from pursuing a higher Euro against the Dollar, saying an ongoing pullback in the Euro-to-Dollar exchange rate (EUR/USD) has further to run.
September 23,2020
The Euro-to-Dollar rate was at risk of further losses on Wednesday after IHS Markit PMI surveys surprised on the downside for September and as some analysts cashed out of earlier bullish wagers on the single currency.
September 23,2020
The Euro-to-Dollar exchange rate stalled last week but could be at risk of a turn lower in the coming days as political risks rise from all directions and as a second wave of coronavirus infections brings renewed ‘lockdown’ and an upending of the economic recovery a step closer.
September 20,2020
The Euro-Dollar rate set a new September low Thursday amid a tentative rebound in the greenback but some analysts say that with the perceived probability of a ‘no deal’ Brexit having reached new highs, the single currency has further to fall in the coming weeks as the favourable transatlantic growth outlook is challenged.
September 17,2020
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