The Euro crumbled and bond markets rallied Friday amid disappointment over the lack of consensus that emerged from a video meeting of European Union leaders who kicked the coronavirus can into July.
June 19,2020
The Euro-to-Dollar exchange rate is being tipped to head higher by analysts at Wall Street investment bank Morgan Stanley, who say the covid-19 economic crisis has reset the global economy and leaves investors at the start of a new cycle.
June 18,2020
The Euro crumbled in a risk hungry market Wednesday ahead of an important meeting of European Union leaders and as the Dollar showed signs of stabilisation, leading ABN Amro to call time on the single currency's rally.
June 17,2020
The Euro was treading water Tuesday after overlooking a better-than-expected ZEW survey for June as currency markets appeared to focus instead on an increase in geopolitical tensions ahead of Thursday's European Council meeting, the highlight of the week for the single currency.
June 16,2020
The world's largest commercial bank has raised its forecast target for the Euro-to-Dollar exchange rate, however the pair's new target still remains below where the pair can currently be found suggesting that while the outlook has improved for the single currency, an outright bull case remains as elusive as ever.
June 15,2020
The Euro-to-Dollar rate enters the new week on the defensive and with risk appetite in the driving seat ahead of Thursday's European Council meeting from which investors hope to see movement toward a compromise on coronavirus recovery fund proposals.
June 14,2020
The Euro was in recovery mode in the final session of the week and could have scope to advance further in the months ahead, according to upgraded forecasts from BMO Capital Markets and Nomura, although the bulk of the upside may already have been seen.
June 12,2020
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