| Live EUR/USD Exchange Rate: | 1.1644 |
| Daily Change: | 0.1656% |
| Opening Rate: | 1.1625 |
| Today's Low: | 1.162 |
| Today's High: | 1.1655 |
| Low of the Past Year: | 1.1521 (12-10-2021) |
| High of the Past Year : | 1.2349 (07-01-2021) |
EUR/USD is likely to remain supported through the German election and subsequent coalition negotiations, according to analysis from one of the world's largest foreign exchange dealers.
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The Euro-to-Dollar exchange rate rose following the release of U.S. inflation data that came in below investor expectations.
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EUR/USD attempted to draw a line under a hat-trick of losses but was struggling for momentum on Thursday after the ECB reduced slightly the pace of bond purchases under one of its quantitative easing programmes and hinted that a further reduction could come in December.
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The Euro-to-Dollar exchange rate entered the new week testing a technical support level at 1.18 after its recent rebound was stifled by a cocktail of domestic and international factors.
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EUR/USD eyeing 1.18 amid third corrective setback but any QE cutback from ECB could revive appetite.
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The Dollar general direction of the Dollar is still pointed higher, according to new research from HSBC and SEB.
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EUR/USD starts new week softer, but near-term technical momentum is positive.
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