ABN Amro have announced they are taking profit and closing out of their long US dollar conviction call.
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The euro is lower against the dollar and pound sterling on Thursday the 15th of October, but the outlook remains constructive.
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The EURUSD exchange rate has climbed to 1.1378 from 1.1354 as Mario Draghi suggested that ECB’s quantitative-easing program is working well, decreasing the likelihood of additional easing.
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The euro continues to take advantage of a weakened US dollar complex at the start of the new week.
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A roundup of the latest euro / dollar exchange rate forecasts that have landed on our desk on the 9th of October.
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German industry is slowing down, foreign exchange markets have reacted by aggressively selling euros.
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We consider the outlook for the euro v US dollar exchange rate over coming days.
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