EUR/USD is at risk of falling over a short-term horizon, as European Central Bank (ECB) president Mario Draghi seems unlikely to make talk about reducing policy in Jackson Hole this week.
What is the Euro to Dollar Rate Today? |
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| The live EUR/USD exchange rate is | 1.1806 |
| Change on Previous Day's Close | +0.39% |
How does Today's Dollar Rate Compare with Previous Rates? |
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| Today's opening exchange rate is | 1.176 |
| Today's lowest exchange rate is | 1.1741 |
| Today's best exchange rate is | 1.1823 |
| Best exchange rate of the year-to-date is | 1.1906 (2017-08-02) |
| The lowest exchange rate of the year-to-date is | 1.0341 (2017-01-03) |
EUR/USD is at risk of falling over a short-term horizon, as European Central Bank (ECB) president Mario Draghi seems unlikely to make talk about reducing policy in Jackson Hole this week.
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J.P. Morgan made a call on EUR/USD nine months ago, and they were correct. But, the extent of the Euro’s climb has caught analysts by surprise.
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The Euro to US Dollar exchange rate has been correcting back further after comments from European Central Bank (ECB) officials stated that the strengthening currency might pose a risk to growth.
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Wariness about the Economic Symposium to be held at Jackson Hole is seen weighing on the Euro - but any weakness is likely to be brief we are told.
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The Eurozone releases their latest set of economic growth data at 10:00 BST on Wednesday, August 16.
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German economic growth for the second-quarter 2017 read at 0.6% which will disappoint some in the market as consensus forecasts for the figure were for growth to come in at 0.7%.
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Technical studies conducted by Goldman Sachs confirm the EUR/USD exchange rate to be in a strong uptrend.
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EUR/USD continues rallying higher as recent data has been positive for the Euro-area whislt increasing geopolitical risks have weighed on the Dollar.
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