The Euro-to-Dollar rate enters the new week in a position of vulnerability as European leaders' negotiations over the EU recovery fund were set to end without agreement despite two significant compromises having been tabled, threatening appetite for the single currency.
July 19,2020
The Euro-to-Dollar rate was paring losses on Tuesday after the European Central Bank (ECB) stayed its ultra-accomodative monetary policy course and as greenback softened ahead of the North American open, with global factors seen in the driving seat of the single currency.
July 16,2020
The Euro was advancing on a weakening Dollar Wednesday and was drawing new interest from analysts as the greenback's troubles look set to endure for a while yet, providing the Euro-to-Dollar rate with a window for continued gains in spite of uncertainty about the EU's coronavirus recovery fund.
July 15,2020
The Euro-to-Dollar rate showed resilience amid a rise in tensions between the U.S. and China on Tuesday and after German Chancellor Angela Merkel drew a red line in the sand in negotiations over the EU recovery fund, which are the highlight of the week for the single currency.
July 14,2020
The Euro's recovery against the Dollar could become more entrenched according to analysis from Swiss investment bank Julius Baer who say they have upgraded their view on the EUR/USD from Bearish to Neutral.
July 13,2020
The Euro-to-Dollar exchange rate has remained on its front foot in July and will have an opportunity to recover further lost ground during the week ahead but the single currency must first navigate second-quarter corporate earnings results and an important European Council meeting on Friday.
July 12,2020
The Euro is being backed to advance against the U.S. Dollar through the second half of 2020 by a number of analysts citing the potential for Dollar underperformance in the second half of 2020 as a global economic recovery gains traction.
July 10,2020
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