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

New Euro notes issued

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

The Euro climbed to its highest level against the Dollar since March on Wednesday amid speculation suggesting a European Central Bank (ECB) cleanup of the Eurozone banking sector could be in the pipeline, while the greenback continued a to unravel.

June 10,2020

The Euro bit its thumb at a recovering greenback Tuesday when it shook off earlier losses and made a fresh advance toward last week's highs and the single currency is increasingly tipped to remain on its front foot in the coming months. 

June 9,2020

The Euro rode a wave of optimism to a hat-trick of gains over the Dollar last week and swung back into the black for 2020 in the process but it was halted on Friday by the 200-week moving-average and faces a correction lower over the coming days as the greenback recovers its footing. 

June 7,2020

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