The Euro has risen in value after President-elect Donald Trump ommitted to mention Europe in a 'tariff tirade' overnight. But relief might be misplaced.
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The Euro to Dollar exchange rate is under significant pressure, but could be due to some near-term relief.
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The Euro to Dollar exchange rate (EUR/USD) is hurtling towards parity as the FX market isn't close to fully appreciating the 'Trump Trade'.
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The US dollar surged in value following the recent US election, but this upward trend may not last, according to new economic forecasts from Desjardins Bank.
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Shahab Jalinoos at UBS says the regime shift in the U.S. does bode for a strong Dollar, but he says tactical considerations suggest the Euro should end the year higher against the Dollar than at cu…
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According to research from JP Morgan, the Euro could be set to move to parity against the Dollar in the coming quarters.
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The Euro to Dollar exchange rate (EUR/USD) looks to be forming a base above 1.05, but stay wary of further declines.
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