The Euro ceded ground to a strengthening Dollar on Thursday after being weighed down in the overnight session by investor disappointment with the EU response to the coronavirus crisis, which has dented sentiment toward the single currency and left it it clutching for support.
April 24,2020
The Euro-to-Dollar rate was on the back foot Thursday after IHS Markit PMI surveys painted a grim picture of April's Eurozone economy ahead of an EU leaders' meeting in which a crucial decision on the mutualised financing of a coronavirus recovery fund will be made.
April 23,2020
The Euro-to-Dollar rate slipped lower on Wednesday in spite of a global rebound for risk assets and ahead of a crunch European Council meeting that will matter greatly to the short and long-term outlook for the single currency.
April 22,2020
The Euro-to-Dollar rate lost just more than half a percent last week after Friday's bounce proved too tepid to backfill the downside seen earlier in the week while bearish forecasts are still coming in thick and fast, although Thursday's EU leaders's meeting offers a lingering prospect of recovery in Europe.
April 19,2020
The Euro-to-Dollar rate was steadying Friday following an earlier sell-off although forecasters are increasingly focused on the downside ahead of a European Council meeting that could exacerbate a growing rift in the bloc.
April 18,2020
The Euro-to-Dollar rate outlook has dimmed now the debate over debt mutualisation has opened the door to a renewal of concerns about a possible Eurozone break-up, leading some influential forecasters to doubt the upside that's still baked into market expectations for the single currency this year.
April 15,2020
The Euro-to-Dollar rate received a last minute leg-up heading into the holiday weekend after Eurogroup finance ministers agreed on a package of fiscal support measures for the bloc's economies, although it's facing immediate resistance on the charts and technical analysts say it could now range-trade for a while.
April 12,2020
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