The Euro-to-Dollar rate is tipped for consolidation around its 200-day moving average after carving out what might be a new and narrow range which could dominate trading in the exchange rate as investors await a catalyst for the next big move to the up or downside.
March 31,2020
The Euro-to-Dollar rate closed out its best week for more than a decade Friday after a broad decline in the greenback gave other currencies breathing room, although whether the recovery can be sustained over the coming days will depend largely upon investor appetites for risk and the Dollar.
March 29,2020
The Euro was a straggler on Friday but could face much more downside in the months ahead, according to downgraded forecasts from BofA Global Research, which are pointing to levels near parity by mid-year just as familiar self-interests sabotage the European response to the coronavirus crisis.
March 27,2020
The Euro was steady on Wednesday as the Dollar remained subdued amid a large and coordinated U.S. effort to mitigate the economic threat posed by coronavirus although a European fiscal response was also shaping up mid-week and might soon sow the seeds of a longer-term Euro-to-Dollar rate recovery.
March 26,2020
The Euro-to-Dollar rate outlook may have brightened now the Federal Reserve (Fed) is leaning against the greenback and German politicians are talking of post-coronavirus stimulus, which comes just as the virus appears to be losing momentum in Europe.
March 24,2020
The Euro-to-Dollar rate closed its worst week since May 2010 on Friday and snapped a 35-year uptrend in the process, leaving it vulnerable to further declines over the coming days and at risk of a slide toward parity in the weeks and months ahead.
March 22,2020
The Euro-to-Dollar rate was under intensifying pressure on Thursday following the overnight announcement of a mammoth European Central Bank (ECB) increase in the size of its quantitative easing program that has so-far arrested a sharp spike in government bond yields across the continent.
March 19,2020
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