The Euro was trading with a firm tone Friday despite a deteriorating environment for so-called risk assets but it's at risk from fresh losses in the weeks ahead, according to new downgraded forecasts from analysts at Commerzbank, who say the European Central Bank will send the single currency lower in September.
August 9,2019
A growing number of disaffected states are strategically trying to reduce their reliance on the U.S. Dollar for routine international transactions, using the Euro or local currencies instead. This trend may explain the common currency’s unexpected resilience in the face of considerable headwinds in 2019.
August 9,2019
History tells us that the EUR/USD pair usually rises when both the U.S. and Eurozone central banks cut their interest rates, according to Marshall Gittler at BDSwiss, who says the exchange rate should rise this summer.
August 8,2019
The Euro advanced against a weaker Dollar Wednesday but those gains will soon give way to fresh losses, according to strategists at BMO Capital Markets, who say the single currency will be buffeted in the months ahead by European Central Bank (ECB) monetary policy and the Eurozone's "rising cost of survival".
August 8,2019
The Euro reversed its earlier course and drifted lower on Tuesday as the Dollar rebounded from its previous slump but the exchange rate is still being tipped as a sell by strategists at TD Securities, who say the single currency is likley to suffer as fears for the global economy rise.
August 7,2019
Although the recent pull-back in EUR/USD is quite sharp and could be the start of a reversal, it is yet to follow evolve and the overarching downtrend has the upper-hand.
August 4,2019
The Euro-to-Dollar exchange rate is likely to rise eventually because it is undervalued, says Thanos Vamvakidis, head of G10 FX at Bank of America Merrill Lynch, despite complex cross-currents muddying the outlook for the pair.
August 2,2019
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