The Euro has fallen nearly one percent against the Dollar this week but much steeper declines lie ahead according to forecasts from analysts at UBS who're both looking for the single currency to reach a near-three-year low before the end of 2019.
June 20,2019
The Euro faces a long road to recovery against the Dollar even as the outlook for the U.S. currency grows darker by the day, according to multiple analysts, many of whom have written to clients in the last week warning them that the European Central Bank (ECB) could soon bring out the proverbial punch bowl again.
June 18,2019
The Euro-to-Dollar rate is trading at 1.1217 at the start of the new trading week, having fallen 1.1% in the previous week. Studies of the charts suggest the exchange rate is set to go sideways with a marginally bearish bias in the days ahead but the ECB's Sintra event and the Fed's mid-week policy decision should deliver some volatility.
June 17,2019
The Euro continued to languish close to the bottom the G10 league table for 2019 on Friday and could remain there for a while to come if the latest guidance from Credit Suisse is anything to go by, because the bank has told its institutional clients they should keep selling the single currency on rallies.
June 16,2019
The Euro-to-Dollar rate is a likely beneficiary of any decision by the Federal Reserve (Fed) to cut its interest rate and buying it is the second best idea out there right now, according to strategists at Nordea Markets, although analysts at SEB Bank told clients Wednesday to sell the single currency and only one of the two firms can be right.
June 13,2019
The Euro stabilised Thursday after taking a knock in the previous session when President Donald Trump appeared to suggest he might use economic sanctions in order to prevent Germany from constructing a controversial gas pipeline between it and Russia.
June 13,2019
The Euro-to-Dollar rate may have formed a major bottom on the charts from which it would be likely to reverse and trend higher, according to analysts at Faraday Research, who're telling clients the down-move in the exchange rate could now be over.
June 12,2019
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