The euro exchange rate complex has seen its losses against the dollar come to an end in April.
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Speculators have taken advantage of recent euro strength to bet that the longer-term downtrend will eventually continue.
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The euro to dollar exchange rate (EURUSD) will most likely avoid reaching parity argues a new forecast note issued by National Australia Bank.
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The euro to dollar exchange rate (EURUSD) remains caught in a longer-term downtrend with a close below the 30-year channel suggesting parity will ultimately be achieved.
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The euro pound exchange rate appears intent on staging a recovery while the euro dollar rate looks as though it may have arrested the break-neck declines seen leading into March.
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With Eurozone stock markets powering higher we hear the outlook for the euro exchange rate complex will continue to be undermined as investor demand for currency hedges remains elevated.
Read more … →The euro to dollar exchange rate (EUR/USD) has powered higher bringing to end the relentless selling pressure.
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