The Euro to Dollar exchange rate has been under pressure in 2024 but is unlikely to break below 1.0723 in the coming week unless we receive a blow-out U.S. inflation report.
The Pound to Euro exchange rate remains well supported by an abundance of technical support levels, but it will take a blow-out set of UK economic data releases to deliver fresh 2024 highs in the coming week.
The Euro endured its worst January performance since 2015 after declining by 2.2% against the U.S. dollar, yet further losses are likely, according to leading investment banks.
Euro-Dollar is trending lower and the balance of probabilities favours another weekly loss for the exchange rate as markets factor in a delayed start to the Federal Reserve's interest rate cutting cycle.
The Euro to Dollar exchange rate looks vulnerable to further declines over the coming days, with attention falling on the European Central Bank interest rate decision and the release of a key inflation gauge in the U.S.
Despite the calmer conditions in the stock market, the selling pressure on the EUR/USD has resumed, writes Fawad Razaqzada, Market Analyst at City Index.
Pound Sterling enters a new week as the top-performing major currency for 2024, but this will be challenged if this week's busy economic calendar disappoints.
The market remains too optimistic about the prospect of Federal Reserve rate cuts, and disappointment will lead to a notably weaker Euro over the first quarter of 2024.
Foreign exchange markets are underestimating the European Central Bank's resolve to maintain interest rates at current levels through the first part of 2024, according to a new analysis.
The Euro to Dollar exchange rate is unlikely to hold gains above 1.10 over the coming days, according to a new analysis. However, a weak U.S. inflation report on Thursday could keep the pair supported above 1.09 into the weekend.
NatWest expects the British Pound to steadily advance against the Euro and Dollar until about the third quarter of 2024 before paring gains into year-end as the Bank of England takes a knife to interest rates.
According to a year-ahead outlook briefing from one of Scandinavia's biggest banks, the Euro to Dollar exchange rate can rise to 1.11 before a multi-month decline sets in.