Market strategists at Citibank have said they continue to see further downside in the Euro, noting the currency is not yet cheap, despite its ongoing decline in valuation.
February 19,2020
The Euro was clutching for support Tuesday after Janaury's ZEW survey warned of more pain ahead for the troubled Eurozone economy, which threatens to push the single currency to new multi-year lows against the Dollar this quarter.
February 18,2020
The Euro-to-Dollar rate fell near to a three-year low last week and with the charts warning of further downside and some important economic figures due out over the coming days, analysts of various stripes are warning the upside will be limited in the week ahead.
February 16,2020
The Euro-to-Dollar rate outlook was dealt another blow Thursday by a wave of forecast downgrades amid fresh fears for the global economy and as markets turn their attention to German growth data due out early on Friday morning.
February 13,2020
The Euro-to-Dollar rate steadied on Thursday following punishing losses in the prior session although it could now be poised to bounce higher on a temporary basis as financial markets respond to a sharp, surprise increase in the number of new coronavirus cases confirmed in China.
February 13,2020
The European Central Bank (ECB) is being tipped by a leading Swiss investment bank to cut interest rates once more in 2020, a move that will lead to further weakness in the single currency.
February 13,2020
The Euro-Dollar rate steadied after six consecutive days of losses Tuesday although the technical signals coming from the charts remain bearish while a global recovery of risk appetite could see ‘funding currency’ characteristics also weighing on Europe’s unified unit.
February 12,2020
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